With the Bird Flu spreading in Ohio and Colorado the egg market has reached record highs this week. I believe there is more to come as the increases have been large everyday. We are hearing the market could surpass the $4.00 market! Over 40 million birds have been put down and this is wreaking havoc in the supply.
Due to this we have been forced to adjust egg prices on a daily basis this week and may need to again mid next week.
Butter:
Butter edged downward this week in very light trading. I am still a believer that the market will remain near this level or higher for the next month or so. Butterfat is still tight and 4th quarter demand ramps up in the next 2 weeks.
Cheese:
The Barrel market just keeps rising. There is a .19 inverse spread again. I was way off thinking that last week’s market equality would relate to stability in the market. I do not have a good answer as to why or how the market will correct itself.
Hilldale American cheese by Land O Lakes is still a major issue as we constantly get cut over 60% of our loads. We are doing our best to keep you supplied.
We all thank you for your continued business and hope you have a safe and relaxing Fall 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.
