Dave’s Weekly Market Update — June 30, 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:

The egg market remained stable this week once again. Retail and end users are loving the prices. I am sure producers would like to see the market somewhat higher but they just had a record year!

Weekly CME Cash Dairy Product Prices June 30, 2023
Weekly CME Cash Dairy Product Prices June 30, 2023

Butter:

Butter rose .06 since last Thursday on moderate trading at the CME.

Cheese:

I think we finally hit bottom on the block. (hopefully the market will not make me into a liar)!

Barrels have dropped in a big way and now are within .02 of the block. There was heavy trading on both as you can see above. These are the lowest markets since right after the beginning of the pandemic. Hopefully this presents some buying opportunities for all of us!

We all want to welcome Sunny Morning Foods in Florida to the Honor Foods family. Our latest acquisition will strengthen our presence in the Southeast market and add another fine label to our portfolio. We thank you for your trust in our companies and as always thank you for your business. 

Happy 4th of July fireworks
Happy 4th of July fireworks

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.

Would Like to Partner With Honor Foods or Learn More?

To learn more about the services that the Honor Foods Dedicated Team provides, give us a call at (800) 462-2890, or click on one of the links to learn why you should choose Honor Foods or, if interested in partnership, click on the button Become An Honor Foods Customer and fill up the form.

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.