Weekly Foodservice Market Information from Honor Foods

Dave’s Weekly Market Update for 6/14/24

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

Last Update: Week of June 14, 2024

Eggs:

The egg market seemingly has seemingly stopped increasing. The marketplace is still somewhat short of eggs as there have been numerous outbreaks of the Avian Influenzas. The further processed egg market I believe is still rising. I know we are having big increases tomorrow on product from Newburg. Michael Foods is priced quarterly and is grain based as opposed to market based. They are having a small decrease in July but are considering an increase shortly due to losing many of their birds.

Weekly CME Cash Dairy Product Prices June 14, 2024
Weekly CME Cash Dairy Product Prices June 14, 2024

Butter:

Butter has been bouncing around and is up again for next week. I am not as confident on the market as I had been for a long time.  Butter futures are not as strong as they had been recently. Here was today’s activity.

Cash Settled Butter 061424
Cash Settled Butter 061424

Cheese:

Both Blocks and Barrels have risen this week and closed higher than the average. If nothing changes, this creates increases again next week.  I believe the milk supply has tightened up and demand is strong. It is extremely hard to predict the markets anymore due to all the profiteering at the CME. 

Dairy opportunities for you on a few items we are trying to move out at discounted prices:

Dairy Opportunites 061424
Dairy Opportunites 061424

All of us at all the Honor Foods companies thank you for your continued business and wish you a safe and relaxing weekend. 


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