Dave’s Weekly Market Update – February 2, 2021

Happy Thursday to all,

The egg market seems to be fairly balanced this week. Yet, I believe we will soon see a downturn in this market. There’s a good supply for retail, and foodservice demand has been quiet. There has been more demand for nest run eggs (which are used by breakers) as well as demand from Canada. If both of these dry up, then the market will retreat.

The Butter market has been very aggressive and futures are pointing to higher prices in the coming months. The market is up .17 since we set prices last Thursday!

Both Block and Barrel have drifted downwards this week. No drastic moves but it certainly has bounced all around as of late.

All of us at Honor Foods thank you for your continued business and wish you a safe and relaxing winter weekend.

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.