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The egg market is starting to drift lower, With the aftermath of A1 bird flu I do not expect much of a drop in this market. Flocks need to be rebuilt and this takes time.
Butter prices are the highest they have been since 2015. The record was $3.135 set in 2014. I am unsure if we will surpass that level, but there is still talk about looming shortages in the 4th quarter of this year.
Both Block and Barrel dropped again this week. There is resistance to pricing at the retail level and this may be the cause of the drops due to a slowdown in consumption.. The world market is still strong and exports have been prevalent. If nothing changes next week there will be more declines.
Tyson is coming!
Please ask you Honor Salesperson for details!
As always all of us at Honor Foods want to take the time to say a heartfelt thanks for all the business and support you all give us!Have a safe and relaxing weekend.