Dave’s Weekly Market Update — March 10, 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 continue to rise as holiday demand is increasing especially on the industrial side. I expect more next week.

Weekly CME Cash Dairy Product Prices March 10,2023
Weekly CME Cash Dairy Product Prices March 10, 2023

Butter:

Butter drifted slightly lower with only 3 loads changing hands this week. Futures seem to be staying in this range for the near future. Probably it will start trending up some mid April when ice cream producers step in to build inventory for the upcoming season. 

Cheese:

Blocks dropped some and did have an uptick today. Again only 3 loads changed hands this week. Barrels on the other hand have been trading extensively the past few weeks with 35 so far this week. That market keeps rising. The spread has narrowed to .09 which is the closest they have been in quite a long time. Time shall tell if this will lead to some stability in the markets. 

All of us at Honor Foods thank you for your continued business and we wish you a fun, safe 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.