Dave’s Weekly Market Update — June 2, 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 remained flat this week. I am happy to see stability in this market and not see a crazy run up like usual. 

Weekly CME Cash Dairy Product Prices June 02, 2023
Weekly CME Cash Dairy Product Prices June 02, 2023

Butter:

Butter crept up with only 1 load changing hands this week. Butter has stayed slightly higher than anticipated and I think it will probably stay this way for a while. With the unofficial start to Summer behind us, ice cream season will take a  lot of cream out of the marketplace.

Cheese:

Did we hit the bottom of the market this week? Blocks tanked earlier in the week and rebounded nicely today. Barrels are .0075 higher than blocks. and at least they are finally close. My thoughts are that the Block will rise some tomorrow and hopefully settle in around this range. Spring flush is basically behind us so the surplus of milk should diminish somewhat.

Cream:

We are happy to introduce Sommer Maid half and half at an aggressive price. We still will carry some of the Golden Sunshine also. With butter’s slight rise as of late there are minor increases in cream for June. 

The entire Honor team thanks you for your business and hope you have a great 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.