Dave’s Weekly Market Update — July 21, 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:

Eggs still have not moved, but with extreme heat we may start to see some upward movement. 

Weekly CME Cash Dairy Product Prices July 21, 2023
Weekly CME Cash Dairy Product Prices July 21, 2023

Butter:

The butter market quieted down this week with lower volume trading hands at the CME. We did have a slight uptick, but it did back off some today. If it drops, I do not expect much due to the heat we are facing in many parts of the country. 

Cheese is on fire!

Both the Block and Barrel have moved up substantially. Heat may be a factor, but the fact that we were so cheap recently that it had to go up is also playing a huge role in my eyes. With the market closing so much higher than the averages, pricing is poised to go much higher next Thursday. A good time to build some inventory!

Cream & Cream Cheese:

Due to rises in butter we will see an increase in cream for next month. I am guessing about .07 a qt on heavy creams. Cream cheese is also going up slightly for next week also.

We all thank you for your continued business and support and hope you have a great 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.