Dave’s Weekly Market Update — March 22, 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:

Eggs rose more than I predicted but I am hearing that spot loads are starting to appear which should cause the market to turn around. The Easter push is over as all those loads have shipped. As long as A1 influenza does not appear in the Spring migration routes, we should see eggs go lower in price. Hopefully I am more accurate than last week.

Weekly CME Cash Dairy Product Prices March 22, 2024
Weekly CME Cash Dairy Product Prices March 22, 2024

Butter:

Butter is down .03 from last Thursday. It did bounce up yesterday but dropped back today. More of the same to come I believe.

Cheese:

Both markets dropped some this week with good drops today. If nothing changes the markets will be lower next week as the close is lower than the averages.  We are seeing an early Spring flush bringing more milk into the marketplace. Manufacturers are benefiting from milk premiums going for under the class 3 market by about $1.50 a hundred weight. In my eyes, cheese is cheap now and supplies outweigh demand. The U.S. has the cheapest cheese, and this could spur some export activity and firm up the markets some. 

With the Butter market trending as it has, we are seeing increases in cream cheese now and expect fluid cream to rise also next month. 

Have you tried our fresh poultry program yet?  We are growing it slowly with your help. Alex is our expert along with your salesperson.  Please check it out. Alex is happy to talk to any of you and here is his contact info!

All of us at all the Honor Foods companies thank you for your business and support.  Happy Spring!

Have a safe and relaxing weekend!

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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.

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