Dave’s Weekly Market Update – December 12, 2020

Good afternoon to all!

The egg market continues to decline as the supply outweighs the demand. With restrictions getting tighter I feel this will continue into the near future. 
Butter rose again this week but backed off some yesterday. So far 37 loads traded hands this week so buyers must feel this is a good value at these levels.
Both Block and Barrel have risen slightly from the lows of last week. If the government announces another round of the Food Box Program I would expect there to be another jump in the markets as buyers scramble to fill these orders at current price levels.
If they do not announce any more programs, we probably will see the markets drift lower as demand from foodservice is very soft, and not sure retail demand can offset the loss of volume. 
Our pricing is now reflecting the current markets as stabilization has returned to the marketplace.
We all hope you stay safe and as always thank you for your continued 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.