Dave’s Weekly Market Update – April 1, 2021

Good afternoon,

The egg market is aggressively dropping this week and probably more to come.

Butter has been rising steadily and futures do not show any weakness in the coming months.

Both Block and Barrel have risen as the week goes on. US dairy prices are way cheaper than the rest of the world and restrictions are being lifted in stages around the country. These factors I believe are what is driving these markets at the moment.

Due to the steady rise in butter, cream is jumping up in price for April. This is the 1st increase in quite a while and the way butter is rising, I expect more to come in May.

I and all the Honor team want to thank you for your continued business and support. We wish you a safe and relaxing Spring 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.