Dave’s Weekly Market Update — March 10, 2022

Happy Thursday to all!

Eggs:

The egg market has remained stable for another week. There have been over 3 million birds destroyed due to the A1 bird flu in the Mid Atlantic region. Surprisingly this has not affected the market. 

Weekly CME Cash Dairy Product Prices

Butter:

Butter was up a good amount before today’s drop. We are keeping pricing the same. My guess is it will rebound some tomorrow. Butter stocks and production are lagging behind last year and I feel this will help maintain these higher prices for quite a while. Butter will probably be tight in the 4th quarter when demand is at its highest. 

Cheese:

Both Block and Barrel rose this week. Exports are strong as world pricing is at all time highs. The war is disrupting supply chains and causing energy to rise dramatically. All of these factors I feel are contributing to the aggressive cheese markets. I do not think we will see much in the way of decreases and possibly will see prices continue to rise.

Please ask your Honor Foods salesperson about our opportunity buys and items that you can not find elsewhere.

The Honor Foods team all thank you for your continued business. We hope you have a peaceful and safe weekend. 

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.