Dave’s Weekly Market Update — March 1, 2024

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 is crashing with large drops every day. Not a good time to be holding inventory. Easter demand is approaching and might help stabilize the market later next week. Just a guess but we may end up around a $2.00 market by mid next week before it firms up for Easter demand. 

Weekly CME Cash Dairy Product Prices March 01, 2024
Weekly CME Cash Dairy Product Prices March 01, 2024

Butter:

Butter had some weakness after reports of cold storage supplies being higher than expected. The future market is still showing strength as shown below. 

Butter 030124
Butter 030124

Cheese:

Both Block and Barrels rose this week and dropped slightly today. I do not think the fundamentals are there to keep the market at these levels but time shall tell.

Honor Protein Solutions:

We have been moving a few select fresh chicken items for a few weeks now. Alex McConathey is heading this up and would love to hear from you and help you join us in the new product line. He is our expert and is happy to help!  Your salesperson also is a great source of info. Alex is more than willing to talk to any of you!

We all thank you for your continued support and hope you have a safe and relaxing weekend.  Spring seems to be just around the corner!

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. 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.