Dave’s Weekly Market Update – June 28, 2021

  Good afternoon,

The egg market is very low due to lackluster demand. Agricultural producers are losing money as grain costs soar.
In this week’s market, there was downward pressure, and there was little movement at the CME. We may see more declines next week. Inventories are strong and demand is not high enough to support the market.
The markets have certainly corrected most of the inverse spread from last week. The number of loads traded was low, but the barrel certainly dropped. Barrel is expected to be somewhat lower next week. With just 3 loads changing hands this week, the Block market is pretty steady.
We wish you a wonderful Summer weekend.
As always, we appreciate your continued support during these difficult times.

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.