Dave’s Weekly Market Update – March 18, 2021

Good day,

The egg market remained steady this week with the exception of brown eggs which started correcting downwards.

Urner Barry’s weekly quotes remained the same for next week. Exports, the foodservice sector opening back up, Easter, and the needs of further processors, is keeping the market steady.

The following shows national egg inventory from Monday of the current week. The Shell Eggs have the most direct impact on us. But, breaking stock is also an important number to watch as its an indicator of product going into the further processing, and foodservice sectors.

Butter also remained firm this week and ended up staying at the same level. I expect more of the same for the near future. Only 2 loads traded so far this week.

The Block rose .03 from last week’s average and was stable all week with only 6 loads changing hands. Barrel cheese is showing some signs of weakness and the close is lower than the average so if nothing changes we will see a decline next week.

We all thank you for your continued business and hope you all have a safe and relaxing Spring weekend.