Dave’s Weekly Market Update – December 12, 2020

Happy Holidays to all!

Retail demand has picked up and the demand is somewhat exceeding the present supply.
The tone of the market is “full steady” which signals more to come.

Butter has been actively traded this week and keeps rising for some reason. Butter is cheaper in the US than the world market so exports may be playing into this market.

Both markets jumped yesterday and I believe it had to be in expectation of additional funding for the Food Box Program. With it being held up at this point, I feel that that is the reason for today’s drop. If in fact, it comes to fruition I feel there will be a spike in both markets.

We at Honor Foods want to wish you and your families a safe and joyous Christmas.