Dave’s Weekly Market Update – Jan 7, 2021

Good day !

The egg market seems to be in balance and there was no movement this week.

Butter bounced around this week but now is dropping. I do not think it will drop too much more but no guarantees on that. .

With the announcement of another round of the farms to families food box program, the cheese market is jumping. Blocks have been much more aggressive and closed at $1.8975. Barrels also rose but not as much. I would expect more on the Block for sure and think the Barrel will probably follow.

We are moving the Philly location tomorrow into our brand new state of the art facility. The old facility will be shut down tomorrow but sales will be calling for orders to ship out of our new location located on Tacony Street on Monday. Our Springfield location will be business as usual.

We are excited to serve you from our new facility as Honor Foods is now prepared to grow to serve you better in the future! We thank you as always and hope you have a safe and relaxing weekend.