Dave’s Weekly Market Update — July 14, 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:

Once again the egg market remained unchanged. With the extreme heat in many parts of the country we might see some increases in the near future as birds produce less eggs when stressed by heat. 

Weekly CME Cash Dairy Product Prices July 14, 2023
Weekly CME Cash Dairy Product Prices July 14, 2023

Butter:

Butter rose again this week with 42 loads changing hands so far this week. We are up another .05 at this point. When there is extreme heat, cow comfort goes down. This causes 2 things, less milk and lower component values (less butterfat). The end result is less butterfat in the marketplace. Another factor is the increase in ice cream demand when it gets so hot.  These increases are pushing up cream cheese prices and will do the same for cream.

Cheese:

Both markets rose this week. In my opinion, both had dropped too low for this season. I am guessing that the heat again was a factor and that milk was not being sold so far under the market this week. If nothing changes, Blocks will go up another .04 next week as the average was that less than the close. There were only 10 loads of Blocks traded and 41 loads of Barrels. I feel that that we will see more increases next week. 

The entire Honor Foods team would like to thank you for your continued business. We hope you have 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.