Dave’s Weekly Market Update – August 14,2020

Hello all,

The egg market rose .02 this week. The larger sizes are harder to come by due to the extreme heat throughout the country. I would expect more to come but I don’t think it will be drastic.

The butter market is weak. There were 48 loads traded this week, 26 of them today, when it dropped more.
People feel this is a good point to lock in their 4th quarter needs. I think we will see it drift a little lower in the weeks to come due to the lackluster foodservice demand.

The cheese market dropped more this week and started rebounding in the past 2 days. We are lowering our prices as fast as we can considering the collapse of the markets.
We have gone down over .50 on both markets in 2 weeks. There should be more decreases coming your way late next week. This is not the best time to be a dairy redistributor.

We thank you for your continued business and wish you a safe and relaxing weekend.