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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.
The egg market hit bottom and has started rising again. I have seen some aggressive retail features which I believe are causing the increase. I would expect to see significant increases next week for sure.
The market rose this week. I think we are at the higher end of the same trading range that I keep mentioning and do not think there is much upside at the present time.
Both Block and Barrel fell again this week. The markets are the lowest they have been in quite a while. There is a surplus of milk in the Midwest as the spring flush is about at its peak. Milk has been selling way under the market and this glut is helping to drive the markets downward. Both markets rose today and closed above the average. Hopefully this means we have hit the bottom.
All of us at Honor Foods thank you for your continued business. We hope you all have a 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.
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