Dave’s Weekly Market Update — December 8, 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 continued with its rapid decline as demand is fading and supplies are abundant. The declines are slowing down and on another note, it was reported that another 2 million birds have been lost to the Bird Flu.

Weekly CME Cash Dairy Product Prices December 8, 2023
Weekly CME Cash Dairy Product Prices December 8, 2023

Butter:

Butter rebounded late last week and seems to be firm for the moment. Supplies of bulk butter are short due to high demand. Cream has been tighter due to 4th quarter demand and not as much is making its way to the churns.

Cheese:

Both cheese markets have rebounded this week with Barrels gaining the most with double digit gains. I feel the market went too low and buyers stepped back in to snap up the lower priced cheese. We were in a favorable place for exports with the lower prices. 

Dairy Opportunities:

Opportunities 120823
Opportunities 120823

Reminder About Cabot Cheeses:

Cabot has suspended production on all of its current prints on cheddar, monterey jack, pepper jack and Muenster. Many aged prints have also stopped being offered. We have some left on some of these items but once they are gone, we will offer substitutions wherever possible. 

Fluid cream:

All creams are in good supply and prices did drop some for December. Expect more drops for January. 

Everyone at all the Honor Foods locations thank you for your continued 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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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.