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Good day to all,
The market is correcting downwards as supplies are growing and demand is not that vibrant. I expect more downward movement next week.
Butter has taken a wild ride this week. Starting with a .175 jump last Friday. We are still somewhat higher today than last Thursday, but nowhere near the .28 it was up at at one point. I think it will drop back to the mid $2.50’s next week but that remains to be seen.
Both Block and Barrel are up this week. It is so much harder to gauge the markets in this day and age with all that is going on in the world. Normally you would never see the cheese markets rising this time of year, especially Barrel cheese (American Cheese). Exports are still strong and transportation issues make it tough to get the cheese where it needs to go.
The whole Honor Foods team would like to thank you for your continued business. Have a safe and relaxing weekend.