Dave’s Weekly Market Update

Good day to all,

Eggs:
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. 
 
Butter:
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.
 
Cheese:
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!