Dave’s Weekly Market Update – December 3, 2020

Good day to all,

The egg market is weak and has been dropping. I expect to see it drop more as the demand is just not there. The tone of the market is that retail is weak and eggs are long. 
The butter market has rallied this week much to my surprise. Demand is low now as Foodservice is quiet due to COVID. Over 1,000,000 lbs changed hands so far this week. I am not sure what caused the spike.
Both Block and Barrel markets drifted lower this week and went up slightly today. The volume on blocks was low and Barrel movement was reasonable. With the corrections slowing down we are getting back to normal and next week hope to be able to be back to spot on pricing. 
As always, we all thank you for your business and hope you and your families all stay safe!

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.