Dave’s Weekly Market Update – August 6, 2020

Good afternoon to everyone.

The egg market remained flat all week. The jumbos have been hard to get due to the recent heatwave.

Butter bounced around this week with a big drop on Tuesday. It has since rebounded but still is down for the week. There were about 2.5 million pounds traded at the CME this week. That is the highest volume I remember in a long time. Business is quiet out there and I feel that is one of the factors weighing on the market.

Both Block and Barrel had huge drops this week with good movement at the exchange. There were over 1 million lbs of cheddar sold and 600,000 lbs of American. We are doing our best to lower prices as quickly as we can be based on inventory here and what is rolling. We will see more drops next week as the averages are much lower than the close of the days trading.

We all thank you for your continued business and hope you and your families have a safe and relaxing weekend.