Dave’s Weekly Market Update – November 23, 2020

Good afternoon!
 
Eggs:
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:
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!