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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.
Medium eggs went up .01 and brown jumped up .09. The larger white sizes have not moved yet but holiday baking is upon us and this will put pressure on the market as egg breakers are entering their busy season.
This market dropped .15 this week with only 10 loads changing hands. I do not feel the market will fall apart yet but we shall see. Time to play it close to the vest so to speak. The downside risk makes that the right move. It is a busy time for butter for sure so it gets tricky. Have enough without getting killed on the downside. The life of a commodity buyer!
Both markets are showing signs of weakness. We dropped the Block, but the Barrel average is still up even though the market is dropping. If nothing changes next week the Barrel will drop as the close is lower than the average.
Due to butter’s huge rise in late September and the 1st 2 weeks of October the cream prices are taking huge jumps. I do not think I have ever seen such large increases in all my years buying it.
All of us at the Honor Foods companies thank you for your business and we hope you have an awesome 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.
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.