Dave’s Weekly Market Update — October 24th, 2022

Good Afternoon! 

Eggs:

The egg market will just not quit rising. The supplies are tight as holiday demand is ramping up. I think we will see more next week, but hopefully less of an increase. Stay tuned. 

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Butter:

The Butter market softened this week with only a few loads trading hands. I still feel that the butter pricing will hold at these lofty levels for a few more weeks at the minimum. Futures do show it decreasing in both November and December. It has been really hard to judge the markets in the last few years. 

Cheese:

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. 

Cream:

The supply of cream in the North East is terrible. Seemingly all packers are shorting the foodservice trade as retail seems to be getting the lion’s share. We are bringing in ESL Half and Half  packed 6/1/2gallons tomorrow. We will have this to sell as of Monday. 

All of the team thanks you for your continued business and we hope you have a great weekend.                    

Go Phillies!

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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.