The egg market has remained at these levels for a while now. With much of the holiday baking over, and restaurants being forced to reduce capacity limits, I feel the next move will be downward.
Butter drifted lower this week as it continues to bounce around these levels. This is another item that I feel will drop some in the next few weeks. About 50% of all butter demand comes from foodservice so this probably will taper off also.
Cheese:
Both Block and Barrel continue to plummet. Between the Farms to Families Food Box program winding down and weak sales, the market has had a huge correction. Buyers have been holding back due to the higher prices and slowing demand. As I stated last week we are doing our best to offer the best prices we can in this rapidly declining market.
Everyone at Honor Foods hopes you stay safe and have a nice but quiet Thanksgiving. One like never before.
As always, thank you for your business!
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.
