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.