Each week Honor Foods Dairy Specialist David Albert provides you with Dave’s Weekly Market Update, with some valuable insights on the most current market price changes on eggs, butter, cheese, and cream products.

Eggs:

The egg market keeps rising .05 per day and is expected to continue. We are at record highs. It will be pretty ugly when it does turn around is my guess.

Weekly CME Cash Dairy Product Prices November 23, 2022
Weekly CME Cash Dairy Product Prices November 23, 2022

Butter:

Butter dropped last Friday and climbed back up most of the way this week. I also feel this should turn around fairly soon and drop to maybe the mid $2.50 range. That is only a guess but in today’s day and age that is what you have to do! 

Cheese:

Barrels have dropped again and I feel they will drop again next week. Blocks started dropping today and are much higher than the Barrels. They will probably meet somewhere in the middle within the next few weeks.

We are still blowing these out at a very inexpensive price. If you can move this pack size, it is a great deal! They are packed 6/ 1/2 gallons per case and are UHT. They are dated with a best by date of 12/20 so there is plenty of life left. 

Happy Thanksgiving to all! Enjoy spending time with family and friends and remembering those who are no longer with us. 

Thank you all for everything from all of us in the Honor Foods family! 

Happy Thanksgiving
Happy Thanksgiving

Honor Foods – Value-Added Redistributor

Honor Foods is a Value Added Redistributor with a wide spectrum of services, such as foodservice redistribution; 3000 stocked items from 300 well-known brand name companies; Mid-Atlantic, Northeast, and now Westcoast reaches; low minimums and short lead times; buying group for enhanced purchasing power; commodity-driven comprehensive pricing; and serving foodservice restaurants, academic institutions, and government facilities.

Would Like to Partner With Honor Foods or Learn More?

To learn more about the services that the Honor Foods Dedicated Team provides, give us a call at (800) 462-2890, or click on one of the links to learn why you should choose Honor Foods or, if interested in partnership, click on the button Become An Honor Foods Customer and fill up the form.

About Honor Foods

Honor Foods, a Burris Logistics Company, was founded in 1949 as a redistributor of center-of-the-plate foods. Since then, Honor Foods has grown into the Mid-Atlantic region’s premier provider of frozen, refrigerated, dry, and dairy products, representing more than 300 brand-name food suppliers and carrying more than 3,000 in-stock items. In addition, our exclusive house brands — Colony Lane and Valley Fresh, have a well-earned reputation for top quality and value at competitive prices.

Great products and prices are just part of the Honor Foods value-add. In addition, we pride ourselves on having a Team of dedicated professionals who manage each partnership. Our commitment to your business needs is what makes us unique. Learn more at www.honorfoods.com.

Each week Honor Foods Dairy Specialist David Albert provides you with Dave’s Weekly Market Update, with some valuable insights on the most current market price changes on eggs, butter, cheese, and cream products.

Eggs:

The egg market is relentlessly rising .05 a day. I think we will see cataclysmic drops in the next 2 weeks. Time will tell! 

Weekly CME Cash Dairy Product Prices November 17, 2022
Weekly CME Cash Dairy Product Prices November 17, 2022

Butter:

Butter has rebounded from its big drop 2 weeks ago. The volume at the CME has been minimal. My guess is that within the next few weeks we will see a decline. It is really so hard to gauge in these times. Historical trends just do not seem to exist anymore. Challenging times to say the least. 

Cheese:

Blocks continue to find strength and Barrels are beginning to decline. There is a big spread between the 2 and I feel that the Blocks will begin to moderate soon to close the gap. Not one load of Blocks traded this week and only 5 loads of Barrels. 

Half Gallons of Byrne Half and Half:

We are still blowing these out at a very inexpensive price. If you can move this pack size, it is a great deal! They are packed 6/ 1/2 gallons per case and are UHT. They are dated with a best by date of 12/20 so there is plenty of life left. 

All of the Honor Foods team want to wish you a safe and relaxing weekend as you prepare for Thanksgiving. As always, we all thank you for your continued business!

Honor Foods – Value-Added Redistributor

Honor Foods is a Value Added Redistributor with a wide spectrum of services, such as foodservice redistribution; 3000 stocked items from 300 well-known brand name companies; Mid-Atlantic, Northeast, and now Westcoast reaches; low minimums and short lead times; buying group for enhanced purchasing power; commodity-driven comprehensive pricing; and serving foodservice restaurants, academic institutions, and government facilities.

Would Like to Partner With Honor Foods or Learn More?

To learn more about the services that the Honor Foods Dedicated Team provides, give us a call at (800) 462-2890, or click on one of the links to learn why you should choose Honor Foods or, if interested in partnership, click on the button Become An Honor Foods Customer and fill up the form.

About Honor Foods

Honor Foods, a Burris Logistics Company, was founded in 1949 as a redistributor of center-of-the-plate foods. Since then, Honor Foods has grown into the Mid-Atlantic region’s premier provider of frozen, refrigerated, dry, and dairy products, representing more than 300 brand-name food suppliers and carrying more than 3,000 in-stock items. In addition, our exclusive house brands — Colony Lane and Valley Fresh, have a well-earned reputation for top quality and value at competitive prices.

Great products and prices are just part of the Honor Foods value-add. In addition, we pride ourselves on having a Team of dedicated professionals who manage each partnership. Our commitment to your business needs is what makes us unique. Learn more at www.honorfoods.com.

Good Afternoon! 

Eggs:

The egg market will just not quit rising. The supplies are tight as holiday demand is ramping up. I think we will see more next week, but hopefully less of an increase. Stay tuned. 

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Butter:

The Butter market softened this week with only a few loads trading hands. I still feel that the butter pricing will hold at these lofty levels for a few more weeks at the minimum. Futures do show it decreasing in both November and December. It has been really hard to judge the markets in the last few years. 

Cheese:

Both blocks and Barrels slipped this week. Blocks only a few cents and barrels almost 20 cents. The spread is finally in the proper perspective. Blocks over Barrels but much higher than the old normal of 2 or 3 cents. 

Cream:

The supply of cream in the North East is terrible. Seemingly all packers are shorting the foodservice trade as retail seems to be getting the lion’s share. We are bringing in ESL Half and Half  packed 6/1/2gallons tomorrow. We will have this to sell as of Monday. 

All of the team thanks you for your continued business and we hope you have a great weekend.                    

Go Phillies!

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Good afternoon to all!

Eggs:

The egg market continued to correct itself. Last week we went down way below the market in forecast of the declines. We had gone up extra prior and wanted to be fair to all of you. We are back on track for next week. The cage free eggs continue to be in short supply as we just can’t get enough. Michale Foods has also been having delivery issues and causing supply issues. Hopefully this is behind us shortly and we can serve you better. 

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Butter:

Butter trended lower Tuesday and stayed there. I still feel we will see high prices until later in this quarter. Really hard to guess in these times. Supplies are still very tight all around. 

Cheese:

Blocks trended upwards and Barrels trended lower in trading this week. There is still a large inverse spread in the markets. With overall demand slowing on cheese in retail and food service I expect some downward pressure in coming weeks. Hilldale by Land O Lakes is still being cut as they try to build some inventory and we are doing our best to allocate accordingly. 

Cream Cheese:

Cream cheese is in good supply for the upcoming baking season. Please ask your sales rep for all of the options we have to offer. 

Cream:

The supply of cream is still a mess. The supply is just not there, and most producers are struggling to fill orders. I have never seen it this bad. On another note, due to butter pricing in the past month we can expect another increase for November. 

We all thank you for your continued business and hope you have an awesome weekend! 

Good afternoon and welcome to Autumn!

Eggs:

With the Bird Flu spreading in Ohio and Colorado the egg market has reached record highs this week. I believe there is more to come as the increases have been large everyday. We are hearing the market could surpass the $4.00 market! Over 40 million birds have been put down and this is wreaking havoc in the supply. 

Due to this we have been forced to adjust egg prices on a daily basis this week and may need to again mid next week. 

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Butter:

Butter edged downward this week in very light trading. I am still a believer that the market will remain near this level or higher for the next month or so. Butterfat is still tight and 4th quarter demand ramps up in the next 2 weeks. 

Cheese:

The Barrel market just keeps rising. There is a .19 inverse spread again. I was way off thinking that last week’s market equality would relate to stability in the market. I do not have a good answer as to why or how the market will correct itself. 

Hilldale American cheese by Land O Lakes is still a major issue as we constantly get cut over 60% of our loads. We are doing our best to keep you supplied. 

We all thank you for your continued business and hope you have a safe and relaxing Fall weekend!

Good day!

Eggs:

 Eggs are through the roof due to the bird flu. I expect more drastic jumps. See below:

The impact from the recent Ohio HPAI (Bird flu) outbreak is having a dramatic impact by driving the weekly Urner Barry market prices up again. Bids to buy eggs  are once again far outnumbering offers to sell. Since last week’s announcement on egg layers in Ohio, turkey flocks have tested positive in Minnesota & California, and last Sunday in Sanpete county UTAH.

National Egg Inventory  USDA reported this week’s national weekly shell egg inventory down 4.6% for the week which is 22.7% lower than a year ago. Breaking stock increased 4.5% vs the same week a year ago. CF Whites are still tight and organics even more difficult to find.

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Butter:

Butter slipped back some after hitting the all-time high of $3.24 on Tuesday. My thoughts are that the driving factors have been a combination of a few things. Milk volumes have been decreasing, demand has been strong and there have been some exports. The amount imported for manufacturing has also dropped. There are still fears of shortages later this year. 

Cheese markets are on fire!

Both markets surged upwards this week. We have lower milk production coupled with a strong export market. As of yesterday the inverse relationship between Block and Barrels is finally gone. Many times this adds  stability to the pricing but as of late, who knows!  Hilldale American is still a big issue as Land O Lakes has not  been able deliver what has been needed for the last couple of months. I do not see a quick end to this shortage unfortunately. 

Cream supplies:

I am being told that as of the beginning of the week we will be back in stock after being unable to get any 40% this week, From what I am seeing the whole Eastern seaboard  has been short as we have been.  Cream next month will be going up due to the extremely high butter market. 

Sommer Maid integration:

Starting this week we are fully integrating the Sommer Maid brands where all customers can buy both lines. More dairy for Honor customers and dry and frozen to the Sommer Maid customers. 

The whole team wants to thank you for your business and we hope you have a safe and relaxing weekend. 

Good afternoon to all!

Eggs:

The egg market is aggressively rising this week. There has been another HPAI Avian Flu outbreak in Ohio. The supply of cage free and organic eggs is very short to the needs of the marketplace. 

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Butter:

The butter market reached an all time high yesterday. Butterfat is still in short supply. My feelings are that we will not see much of a drop until maybe late October or November. I still feel we could see higher prices before that time.  It is crazy that a load of butter is almost about $140,000.

Cheese:

Both Block and Barrel jumped yesterday for some reason. I am unsure why after all the drops as of late. Barrels are still priced .0825 higher than Blocks and time shall tell us how this inverse relationship will correct itself. 

Cream Cheese:

 We have lots to sell to all of you! Please talk to your salesperson about this category.

Sommer Maid, Smithfield, Pauly, Raskus and Hahns are the labels presently available. 

We all thank you for your continued business and hope you have a safe and relaxing weekend. 

TGIF! 

Eggs:

The egg market rose slightly this week as inventories are somewhat in balance. I assume in a few weeks the traditional 4th quarter increases will begin as commercial bakeries begin building inventories for the upcoming holidays.

Cage free eggs for our Mass customers:

We can not get enough of them to supply all of your needs. We are forced to allocate them. We are doing our best but the supply is just not there. Nice when we pass laws like this and then the industry just can not fulfill the needed supply. 

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Butter:

Butter continues rising even with only a few loads changing hands this week. We are .0425 away from the record high price of $3.135 set September 15th, 2015. I feel we could surpass that within a few weeks. Cream has been tight, multiples are extremely high and inventories are low. It is crazy seeing butter cost over $140,000.00 per load. 

Cheese:

Both the Block and the Barrel dropped some this week. The drops have slowed down and hopefully we are close to the bottom. Demand has slowed across the board. Both retail and food service demand has slipped. American cheese is higher than the Block market. Could this be a demand shift from the more expensive types of cheeses?

Cream cheese:

The supply has gotten much better. Is some of that due to the record high prices? The costs somewhat follow the butter market which is crazy high at the moment. Please ask your sales associate about what we have to offer. Those who were unable to get it due to allocations are now able to get it!

Hilldale sliced american by LOL:

We are doing our best to fulfill orders, but when we order a full trailer they ship us around 15000 lbs as of late, They are stating that this will last until mid to late September. I am doing the best I can to keep inventory in the house but there still are times we do not have enough to fulfill all of our needs.

All of us at the Honor Foods companies thank you for your continued business.  We all wish you a safe and relaxing long Labor Day weekend. 

The summer of 2022 has seen significant, sustained drought across the globe, from Europe to China to the US and Africa, and has brought with it serious ripple effects, from energy shortages to severe food insecurity.

Summer 2022 droughts: What can we do? – Vox

Good Afternoon and Happy Thursday!

Eggs:

The egg market is gradually rising this week as demand returns as more school systems reopen. It is nice to see it be gradual instead of the usual over reaction that the market normally does. I expect more next week and hope it stays moderate. Here is the recap from Urner Barry.

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Can anyone use 57 cases of Sommer Maid 15/2 whole liquid eggs dated 9/7 for $1.00 lb? This is an opportunity for anyone who can use them quickly. 

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Butter:

1.5 Million pounds changed hands at the CME this week and drove the market up. The future market on butter is $3.0475 for September and $3.00 for October. As I have been stating this market will probably remain high until late October. 

Cheese:

Both Block and Barrel declined this week. People are switching to lower cost options at the retail level (possibly explaining the jump in Barrels last week) and food service demand has weakened somewhat. 

Cream cheese:

We have plenty on hand of most SKU’s on cream cheese and we have lifted most of the allocations we were forced to impose due to our lack of supply. It does seem that things are loosening up. Please ask your rep about opportunities and some items we can negotiate on to help you move more product. 

Frank Wills is retiring today!

Frank has been a major factor at Honor Foods for many years and today he sails off into retirement. We all wish him the best in his retirement years and want to thank him for his tireless efforts over the years to serve many of you! He will be missed by all!

We wish you a safe and relaxing weekend and as always thank you for your business!