Good afternoon to all,
Eggs:
Eggs dropped in a big way this week. Supplies are “burdensome”. Always a crazy market overreacting in both directions. We are hearing the drops will continue, but at a slower pace.
Butter:
Butter broke through the glass ceiling this week by closing over the $3.00 mark. Cream has been so tight that many are just selling the cream at high multipliers rather than churning butter.
I still feel that there is more to come and we will probably not go much below the $3.00 mark and will see higher numbers. Let’s see if my crystal ball is working or not. Crazy times trying to guess the markets.
Cheese:
Both the Block and the Barrel dropped aggressively this week. The close is lower than the average so chances are prices will dip again next week. Not a great time to have millions of dollars tied up in cheese but we need to keep you supplied.
A note on the Hilldale cheese by Land O Lakes. They are cutting all orders by around 50% now and we are experiencing some shortages. They are claiming it could last the whole month of August.
Specials!
14095 Blassers muenster by Ellsworth Creamery Make us an offer!
We have both Deb El and Sommer Maid liquid eggs we are trying to move also.
Please talk to your sales rep about these products.
All of the Honor Foods companies thank you for your continued business. Stay cool and have a great 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.
