Dave’s Weekly Market Update — March 8, 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 have seemingly settled in after tanking .80 a dozen last week. They went down Friday and Monday but have been stable since then. 

Weekly CME Cash Dairy Product Prices March 08, 2024
Weekly CME Cash Dairy Product Prices March 08, 2024

Butter:

Butter rose the past 3 days and declined today to last Thursday’s close. I was surprised by the big drop but we will see what tomorrow brings! 

Cheese:

Both Block and Barrels ended up dropping for the week. Barrels really dropped aggressively today and narrowed the huge inverse spread that we have been seeing. After today’s drop my guess is that Barrels will drop more to correct the inverse spread. Supplies of cheese seem plentiful, and milk is somewhat cheap. It is not selling at the big discounts we were seeing a few months ago though. 

Honor Protein Solutions:

Have you talked to Alex or your sales rep about our chicken offerings yet? If not, you are missing the boat. Alex is heading up the department and is happy to talk to any and all of you!

All of the team at the Honor Foods companies want to thank you for your continued business.

We hope you have a safe and relaxing weekend. 

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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.