Dave’s Weekly Market Update – May 21, 2021

What a week! TGIF!

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

Cheese:
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!

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.

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