Eggs,
Well I guess I underestimated the egg market last week as it rose a ridiculous 27 cents this week. It has gone up incrementally more every day. My thoughts are another strong increase tomorrow and continuing into next week. We are hearing that Walmart is bidding to buy 90 loads to feature in their stores and this is helping to fuel the rapid rise.
Butter:
Butter earlier this week dropped to the lowest level in years but rebounded almost a dime between yesterday and today. I expect we have seen the bottom and we will bounce around this level until the demand picks up for Easter and Passover. So far there have been 25 loads traded at the CME which signifies that traders found it to be a buying opportunity.
Cheese:
There have only been 3 loads of cheese traded this week at the exchange and both markets drifted lower. We are back to the Barrel being .42 lower than the block which used to be unsustainable. The market needs to figure out what the new market spread will be. The days of the Block being 2-3 cents higher seem to be long gone. I still feel the Block has to correct by dropping.
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.
