Dave’s Weekly Market Update – October 2, 2020

Good afternoon to all,

Eggs:

The egg market came to life this week and went up .05.. We will see more, but I do not expect anything crazy. 

Butter:

Butter took a wild ride this week. It went as high as $1.60 but then ended up lower than last Thursday.  There was not much activity this week at the CME.

Cheese:

 Last Friday the Block market jumped almost $.23. That was the biggest one-day increase ever. It has drifted down to $2.54 but still closed the week much higher than last.

The Farms to Families Food Box Program is suspected to be the biggest driver of this market. The program lasts until the end of October. I feel that unless they announce round 4 of this program that the market will correct some by the middle of October. 

Honor Foods thanks you for your continued support and business. We all wish you a safe and relaxing autumn weekend.

Stay Safe!

 

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.

Join Our Team
Become a Driver