Dave’s Weekly Market Update — February 17, 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 turned around and has begun rising. I hope that it is sensible this round, but history tells me it will go up too fast and too high.  

Weekly CME Cash Dairy Product Prices February 17, 2023
Weekly CME Cash Dairy Product Prices January 20, 2023

Butter:

Butter rose earlier in the week and dropped back yesterday. It did end up .01 higher for the week. Futures also backed down from $2.50-$2.51 down to $2.45. I feel we will probably stay between the $2.40 to $2.50 level for a few weeks.

Cheese:

Blocks rose slightly on quiet trading and Barrels dropped some on high volume. Sellers were eager to sell and buyers were also eager to snap up loads at this level. The spread is almost .25 now and probably Blocks will drop some to narrow the gap. Hilldale American is no longer having supply issues and we have lowered our prices on this line.

Opportunities!

Finlandia Swiss announced a promo which starts Monday and is good through March 17th.

We are still offering great deals on Galbani WM shredded mozzarella. We have 200 cs of Bongard processed 160 ct cheddar cheese if anyone has a home for this item. How about some Dinner Bell Monterey Jack? We have some exact weight 10 lb and also 2/5 lb. Talk to your rep about all of these great offers!

The Honor Foods team wishes you a safe and relaxing weekend. As always, a heartfelt thanks for your continued business and support.

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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.