Dave’s Weekly Market Update for 09/13/24
Valuable insights on the latest market price changes for eggs, butter, cheese, and cream products.
Last Update: Week of September 13, 2024
Eggs:
I have never seen a correction like we are experiencing. The market dumped $1.15 a dozen this week. Unprecedented. We go from a shortage to a glut in one week. Urner Barry, who controls this market, seems to be out of control. It is hard to fathom how this took place. Not a nice time to wholesale eggs and maintain an inventory. With it going .25 a day, I cannot see it stopping for a while.
Butter:
Butter dropped aggressively today with 12 loads changing hands after none moved earlier in the week. I was very bullish on butter and now I have to question that.
Cheese:
Cheese is going crazy! Both markets are up, but Barrels are skyrocketing. Blocks did drop some today, will that be a trend? Tomorrow maybe will shed some light on that. We are hearing mixed things on the markets. I had heard that milk was in short supply, but someone was heard stating that there is plenty available. There have not been many trades during this run up on cheese. I have to say that I am at a loss for words on what may happen. We are at very lofty levels at this point, and I would have to guess that the downside certainly outweighs the upside.
Dairy opportunities for the customers:
All of us want to thank you as always for your continued business. We hope you enjoy the beautiful upcoming weekend!
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