Each week Honor Foods Dairy Specialist David Albert provides you with Dave’s Weekly Market Update, with some valuable insights on the most current market price changes on eggs, butter, cheese, and cream products.
Eggs:
This market is amazing. Down almost $2.50 a dozen in the last month. I do expect more decreases until retail steps up and starts featuring eggs. They have been making the extra money by not dropping and demand has just not been there. The national inventory is high and there is a glut of eggs.
Weekly CME Cash Dairy Product Prices April 28, 2023
Butter:
Butter has remained firm and went up over a penny today. Not much inventory has changed hands in the past few weeks. I expect more of the same in the coming weeks. Markets bouncing between the mid $2.30’s and maybe up to around $2.50.
Cheese:
Both Block and Barrel firmed up today with Barrels jumping .10. The volume on Barrels was high again this week but lower than the past 2 weeks. Buyers were there today but the sellers were not. Hopefully we have hit the bottoms on these markets as the past few weeks have been painful! In about 2 weeks we will have some Dinner Bell cheddars back in stock. They have been unavailable due to a fire at the plant in Wisconsin.
Cream:
Cream dropped slightly for the month of May on the Golden Sunshine Label. Inventories have seemingly rebounded after weeks of tight supplies in the North East on all of our labels.
We all want to thank you for your business and wish you a safe and relaxing weekend.
Honor Foods – Value-Added Redistributor
Honor Foods is a Value Added Redistributor with a wide spectrum of services, such as foodservice redistribution; 3000 stocked items from 300 well-known brand name companies; Mid-Atlantic, Northeast, and now Westcoast reaches; low minimums and short lead times; buying group for enhanced purchasing power; commodity-driven comprehensive pricing; and serving foodservice restaurants, academic institutions, and government facilities.
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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. 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. In addition, we pride ourselves on having a Team of dedicated professionals who manage each partnership. Our commitment to your business needs is what makes us unique. Learn more at www.honorfoods.com.
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.
