Dave’s Weekly Market Update

Good day to all.

Eggs:
The egg market dropped .02 today as supplies are surpassing demand. I expect to see more next week.
 
Butter:
Butter dropped some this week and gave back some of last week’s gains. I still feel that we will see the market remain in the $1.40 to $1.50 range until after the Holiday demand dies down.
 
Cheese:
Cheese is still rising. The Barrel market is closing the spread with its rapid rise.
The spread has narrowed to .37 cents. This is still too high –  as both types of plants buy milk at the same price and the Barrels are selling for so much less.
I was surprised that the Block is still rising. At some point, there will be a correction.  If the government announces an extension of the Farms to families Food Box program it will probably stay high, as current yellow cheddar blocks are extremely tight.
I feel that the markets may begin to correct by the end of next week but time will tell. 
 
We hope you have a safe and relaxing weekend as always we appreciate your continued business.