Dave’s Weekly Market Update — January 26, 2024

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:

I was way off on my guess on eggs last week as they have been jumping aggressively all week. There is a large increase for next week. 

Market Comments 012624
Market Comments 012624
Weekly CME Cash Dairy Product Prices January 26, 2024
Weekly CME Cash Dairy Product Prices January 26, 2024

Butter:

Butter had a big jump today with not even one load changing hands. To me this is a bullish view on butter.

Butter 012624
Butter 012624

There was not one sale but 3 high bids, The one offer was at $2.70.  Futures also jumped today which to me means these higher prices could be here to stay. I hope I am more accurate here than I was on the eggs last Thursday. 

Cheese:

Blocks inched up slightly this week and Barrels dropped slightly. 

Cream:

Since butter has trended up slightly in the last 4 weeks there is a slight increase in fluid cream for February. 

Opportunities 012624
Opportunities 012624

40279 72 cases Sommer Mid Half and Half qts 2/9 date .83 qt or basically $10.00 cs

We all would like to thank you for your continued business and wish you a safe and relaxing weekend.

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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.