Weekly Foodservice Market Information from Honor Foods

Dave’s Weekly Market Update for 5/17/24

Valuable insights on the latest market price changes for eggs, butter, cheese, and cream products.

Last Update: Week of April 25, 2024


The egg market hit bottom last week and now is beginning to go back up some. Hopefully there will be a reasonable increase and not the traditional overreaction. I am hearing a minor .05 to .10 increase, but as always time will tell!

Weekly CME Cash Dairy Product Prices May 17, 2024
Weekly CME Cash Dairy Product Prices May 17, 2024


Butter has bounced all around this week . Up Monday, down Tuesday, up Wednesday and flat today. 

Here is a snapshot of the futures as of today. Not showing any drops that is for sure.

Cash Settled Butter 051724
Cash Settled Butter 051724


Blocks backed off from the high of $1.98 reached last Thursday and are almost back to the average of last week. Barrels on the other hand are through the roof. They closed  .22 higher than blocks with only 5 loads changing hands so far.  I guess all the exports tightened up the supply in a big way. It does not seem sustainable to stay this high. 


With the way butter has gone up, I believe we will see about a .10 increase per qt on both 36% and 40% for the month of June. This has been a constant increase month over month. 

All of us thank you for your continued business and wish you a safe and relaxing weekend!

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