Happy Thursday to all.
Eggs:
The egg market remained unchanged again this week but retail demand is picking up.
Butter:
Butter rebounded this week after dropping .04 last Friday. I am hearing that butter will drop after Thanksgiving.
With the resurgence of COVID and the closing of outdoor dining in the colder northern states, retail demand will slow down, and foodservice demand is still low and not expected to rebound quickly.
Cheese:
The Block market is finally correcting itself and we saw a large drop this week. The spread has narrowed to what used to be the traditional tight range.
There is only a $0.01 difference now when it was close to $1.00 in September. The Barrel market was actually higher this week, but I did not have it in me to go up in the declining market.
Looking at the above info, it is clear that the block market will certainly be lower next week as the close is much lower than the average.
We all thank you, and as always, hope you have a safe and relaxing weekend.
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. Honor Foods brands R.W. Zant and Sunny Morning provide additional beef and dairy expertise on the West Coast and in the southeast. 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. We pride ourselves in having a Team of dedicated professionals who manage each partnership. Our commitment to your business needs is what makes us unique.
