Dave’s Weekly Market Update — June 16, 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 has remained stable. Even with the additional features in retail there still are too many eggs. I have heard some talk that eggs may drop even more!  Hopefully producers saved some of their extra profits as they are not making any money at these markets. We are getting more aggressive on the white eggs tomorrow so please look at our pricing again!. 

Weekly CME Cash Dairy Product Prices June 16, 2023
Weekly CME Cash Dairy Product Prices June 16, 2023

Butter:

Butter bounced around this week and ended up closing at the same level as last week. 10 loads traded at the CME this week. 

Cheese:

Blocks are at their lowest levels since the pandemic. There were  a lot of loads traded this week and the market still drifted lower. Barrels dropped a bit also. We have been lagging behind on Hilldale and this week are forced to go up based on replacement costs.

Sommer Maid 12/8 cream cheese bars:

I sent out all the info on these yesterday. Do you have a market for these? Only $1.20 per 8 oz bar! This is a great retail item at a rocking price!

Everyone on the Honor Foods team wants to sincerely thank you for your business.

Honor Foods – Value-Added Redistributor

Honor Foods is a Value Added Redistributor with a wide spectrum of services, such as foodservice redistribution; 3000 stocked items from 300 well-known brand name companies; Mid-Atlantic, Northeast, and now Westcoast reaches; low minimums and short lead times; buying group for enhanced purchasing power; commodity-driven comprehensive pricing; and serving foodservice restaurants, academic institutions, and government facilities.

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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.