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:
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.

Butter:
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.
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Cheese:
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.

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.