Dave’s Weekly Market Update — August 18, 2023

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.

I will be away for the next 2 weeks so there will not be a market update until 9/7.

Eggs:

After 2 and a half months the egg market is waking up. We had some small increases this week but the tone of the market is “steady to full steady”. Today’s market may be a telltale, if it goes up much we will see a very aggressive market next week. Schools will be opening soon and maybe the extreme heat is beginning to take its toll. 

Weekly CME Cash Dairy Product Prices August 18, 2023
Weekly CME Cash Dairy Product Prices August 18, 2023

Butter:

Look at that volume, 81 loads so far this week! 

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That was yesterday and today 25 additional loads moved pushing the market another 2 cents. I am not sure, but it seems like the 4th quarter will have very high butterfat costs. This will increase butter, cream, sour cream and cream cheese. 

Cheese:

Blocks have been slowly rising with only 3 loads changing hands so far this week. I feel this is too high. Barrels on the other hand have started dropping with an 8.5 cent drop today with only 4 loads so far this week. . I am unsure what the markets will do so we will have to wait and see!

We all thank you for your continued business and hope you have a great weekend!

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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. 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.