The egg market continued to correct itself. Last week we went down way below the market in forecast of the declines. We had gone up extra prior and wanted to be fair to all of you. We are back on track for next week. The cage free eggs continue to be in short supply as we just can’t get enough. Michale Foods has also been having delivery issues and causing supply issues. Hopefully this is behind us shortly and we can serve you better.
Butter:
Butter trended lower Tuesday and stayed there. I still feel we will see high prices until later in this quarter. Really hard to guess in these times. Supplies are still very tight all around.
Cheese:
Blocks trended upwards and Barrels trended lower in trading this week. There is still a large inverse spread in the markets. With overall demand slowing on cheese in retail and food service I expect some downward pressure in coming weeks. Hilldale by Land O Lakes is still being cut as they try to build some inventory and we are doing our best to allocate accordingly.
Cream Cheese:
Cream cheese is in good supply for the upcoming baking season. Please ask your sales rep for all of the options we have to offer.
Cream:
The supply of cream is still a mess. The supply is just not there, and most producers are struggling to fill orders. I have never seen it this bad. On another note, due to butter pricing in the past month we can expect another increase for November.
We all thank you for your continued business and hope you have an awesome weekend!
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.
