Dave’s Weekly Market Update — October 6, 2023

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:

The egg market did not change again this week but is showing signs of weakness. The extra large market has dropped some. All large and XL eggs are based on the large markets, so no prices have moved yet.    

Weekly CME Cash Dairy Product Prices October 6, 2023
Weekly CME Cash Dairy Product Prices October 6, 2023

Butter:

Last week we broke all time high records and this week has really crushed them! There was only 1 load of butter sold this week at the CME. People are vying to buy butter but no one is selling. It is really hard to guess what the top will be or when someone will want to take profits and sell at the exchange. We are certainly in uncharted waters but it does not seem to be over. On another note we are now stocking High Desert Milk butter.

High Desert Butter Packaging

This is a USDA AA butter and we have it in salted as well as unsalted solids. We are offering .05 off per lb as an introductory offer. We have replaced our Beaver Meadow solids with these. This is a better option as it is USDA AA shielded and the other was not. It is also kosher. We hope you will try this new offering from Honor Foods.

Cheese:

We dropped both Block and Barrel pricing this week. Barrels actually rose some and I believe had reached the bottom. If nothing changes, Blocks will drop slightly as the close is lower than the average. I feel we are getting to more seasonal averages.

Cream Cheese:

Cream cheese prices are also rapidly rising following butter to a degree. I was talking to Schreiber today who is one of the nation’s largest producers, they are starting to face shortages as demand is so high that they cannot meet the demand. Remember those shortages a few years ago? Be prepared as it could get bad again. This demand on cream to produce this might be helping to drive up the butter pricing also. The 4th quarter is always when the demand for butterfat is at its highest.  

Opportunity Buys for you!:

Sommer Maid 4/5 lb sour cream with a 10/19 date .95 or make an offer. We have about 160 cases.

We are also still offering Dairy Farmers of America 50 lb Condensed Skim Milk at $70.00 a pail. If you have a big opportunity, talk to your salesperson and try to make a deal!

Please ask your Honor or Sommer Maid rep about these outstanding offers!

All of us at the Honor Foods companies thank you for your continued business. We hope you 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. 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.