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.

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.