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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.
Eggs have continued to rise as 4th quarter holiday baking is underway. Supplies are still short to needs, so I do expect more next week. There were another 1 million birds taken out due to another outbreak in Iowa.
Butter tanked this week and rebounded some today. We, like everyone, can not get new products in right away, so we have to come down gradually so as not to lose hundreds of thousands of dollars. I never thought this would happen this early in the year.
Both blocks and Barrels slipped this week. Blocks only a few cents and barrels almost 20 cents. The spread is finally in the proper perspective. Blocks over Barrels but much higher than the old normal of 2 or 3 cents.
Due to the drop in the butter market, we decided to come off some on the price of all our heavy cream. Both Sommer Maid and Golden Sunshine. were reduced in price. We brought in half gallons of half and a half due to the current shortages of this item. It is packed 6/case, and we are going out next week at $4.45 per unit or $2.225 per quart.
We all thank you and hope you have an awesome weekend. Go Phillies!
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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. 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.