Dave’s Weekly Market Update – May 21, 2021

What a week! TGIF!

The egg market is starting to firm up. Prices have not moved yet, but inventories are coming more into balance and shortly the market will increase.

Butter remained firm this week and ended up the same as last week.

The cheese markets are correcting as inventories are building. Reports are that the foodservice sector has refilled the pipeline and now stock levels are growing. There was a lot of activity at the CME this week with both markets dropping double digits, I expect there to be some more downward movement before the markets settle down.

All of us at Honor Foods thank you for your business and hope you have a relaxing weekend!