Dave’s Weekly Market Update – July 29, 2021

Happy Thursday!

This week, eggs drifted slightly lower as retail demand is sluggish and food service is not absorbing the excess. I do not think there will be a big decrease as soon the schools will start gearing back up throughout the country.
The price of butter dropped this week as supplies are building and cream is plentiful. Historically, butter prices have started to rise late in the summer during this time of year as supply tightens up.
In August, cream prices will drop due to drops in the butter market. There are some suppliers who are having trouble filling orders. Many of the problems stem from the labor shortage plaguing many areas of the country. We are currently not experiencing any shortages, especially for heavy whipping cream. I am hearing this more and more lately across all segments of the business.
Block market prices have bounced back from last week, and this week’s close is unchanged from the current average. Barrel cheese is still weak. With 16 loads moving this week, it appears that it will stay at these levels for the foreseeable future.
Dairy Farmers of America
They are a big partner of ours on Italian-style cheeses like mozzarella and provolone. Additionally, we sell a lot of their shredded items. The production issues and shortages they are experiencing have caused disruptions in our supply and ability to serve you, especially those who need shredded mozzarella. We have another label coming in tomorrow to try to fill the pipeline.
We at Honor Foods want to thank you for your business.
Have a safe and relaxing 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.