Dave’s Weekly Market Update – December 14, 2021

Good day to all,

Eggs:

The holiday season is here and the market is booming. Next week, I expect more activity, and then it will level off the week of Thanksgiving.

Butter:

Butter rose again this week but did back down slightly today. There is still a shortage of butterfat on the market, so I do not expect much more in the way of increases. Holiday demand for butter, sour cream, cream cheese and dips is at its peak. At this point, we have a good supply of all Cabot butter, and I know they are cutting others.

Cream Cheese:

In the wake of Schreiber being hit by ransomware 2 weeks ago and being forced to shut down for a week, there is a huge shortage of cream cheese on the market. Until now, we have had a good inventory, but now we are facing shortages.

Cream:

Since other companies are shorting their customers, remember that we still have a good supply of UHT cream. Byrne and Golden Sunshine are both available.

Cheese:

This week, the Block market exploded following two weeks of aggressive declines. Barrel cheese seems to have leveled out at more seasonable levels. The demand for barrels drops after Labor Day, but the market did not reflect that this year.The Honor Foods team would like to thank you for your continued support during these unprecedented times in our industry and don’t forget to ask your sales representative for items that others are shorting you on.Have a wonderful 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.