Dave’s Weekly Market Update for 10/18/24
Valuable insights on the latest market price changes for eggs, butter, cheese, and cream products.
Eggs:
The egg market is on fire! There was a .78 cent increase this week as there seems to be a shortage of eggs in the country. The increases have grown every day this week and went up .20 yesterday. There was a 33% increase in one week. My expectations are that next week we will also see a huge increase.
Butter:
An astounding 6.4 million lbs have changed hands this week at the CME. I belive that is a record.I guess that proves that there is more butter around than people had previously thought! I do not think it will rebound much more but that remains to be seen.
Cheese:
Cheese rebounded some this week with not all that much product changing hands. It is really hard to predict these markets as of late. The Barrel is once again higher than the Block market. Manufactures who produce cheeses based on the Block market are once again at a financial disadvantage as they pay for milk based on the Barrel market.
Dairy opportunities for the customers:
All of the Honor Foods team thanks you for your continued business and we wish you a safe and relaxing weekend.
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