Dave’s Weekly Market Update — December 29, 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.

Eggs:

The egg market has topped out I believe. Within a week I would expect it to begin dropping back down. 

Weekly CME Cash Dairy Product Prices December 29, 2023
Weekly CME Cash Dairy Product Prices December 29, 2023

Butter:

Butter trended upwards this week with only 2 loads changing hands. I know cream has been plentiful and the multiples are low meaning cheaper cream can head to the churns. With that being said, I am unsure why it rose. Time shall tell I guess.

Cheese:

The Block market has bounced around and ended up close to last week’s average. Barrels rebounded some from the lows attained last week. The domestic markets are the cheapest in the world so this should spark some exports and potentially firm up the market.

Cream:

Due to the drop in butter from its record high, cream dropped substantially for January. The supply is plentiful on all labels.

Cream Cheese:

The supply of 3 lb cream cheese is still tight. All manufacturers are allocating as they worked hard to cover retail demand and treated food service like red headed step children. Hopefully this corrects itself shortly.  

We all want to thank you for all you have done for us during the past year. We are looking forward to serving you with more of a selection of items next year. The addition in Philly is nearing completion and exciting things are in the works for the future.

Have a very healthy and happy New year!

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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.