Dave’s Weekly Market Update – December 30, 2020

Happy New Year to all of you!

So excited about the new Philadelphia location opening on January 11th!

We all are ready to bid 2020 a good riddance and have high hopes for a much better year ahead.

It was an extremely challenging year for our industry as we all faced unprecedented challenges. We all worked together and somehow have made it to this point. We can not thank you enough for your patience and understanding as we worked through what was thrown at us. We’ve all dealt with supply chain disruptions that caused so many product shortages, substitutions, and short-coded inventory.

Eggs rose .02 this week but it seems to be over. My feelings are that it will linger in this price range for a little while.

The butter market drifted lower this week with no loads changing hands at the CME. I feel we will see more declines going into the new year. Our supplier on most butter Cabot did raise .03 across the board on all of their butter items. That was reflected in this week’s pricing.

Both markets found some strength this week after dropping last Thursday. There has been no announcement of the Farms to Families Food Box Program yet but I believe the increases are in anticipation of that taking place.

We all wish you and your families a safe and healthy New Year!

May it bring the world back to a sense of normalcy.