Good day to all,
Eggs,
Eggs turned around last Friday and the market is now correcting. We were down .20 this week and the market is trying to settle and I expect to see some decreases next week but less than this.
Butter:
The Butter market dropped again this week as butter and cream supplies are plentiful. Some feel we will see the Butter market drop under $1.80 but time will tell. Futures are not showing much in the near future. The low prices will slow down imports and maybe help to balance the inventory.
Cheese:
The markets corrected some of the spread this week with the Block dropping and the Barrel rising. The spread has closed to .28 but compared to the historical spread of 2-3 cents this is huge. Historical data has not been much help to buyers as of late as the trading fundamentals have seemingly changed. It has been much more difficult to gauge the markets in the past year than ever in the past. There were only 6 loads of Blocks traded as compared to 24 loads of Barrels. I feel the Blocks will drop more than the Barrels will rise to close the spread some. As always I must state that these are only my opinions and observations of the markets and can guarantee no results.
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.
