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.

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.