Dave’s Weekly Market Update for 09/27/24
Valuable insights on the latest market price changes for eggs, butter, cheese, and cream products.
Last Update: Week of September 27, 2024
Eggs:
I believe we are near the bottom of the egg market, having dropped about $2.50 a dozen since the end of August. The market is “testing” at this level.
We are entering fall migration season, so hopefully, this does not cause new cases of AI to flare up.
Butter:
So, it would seem that that after all the fear that there would not be enough butter for the 4th quarter that there is plenty of butter! I believe this is catching most people off guard including myself. My guess is that we may see more declines but nothing drastic. Time shall tell as we are in uncharted territory with it dropping right before the busiest time of year for butterfat.
Cheese:
Both markets are correcting from the recent upward rally. There was only one load that changed hands so far this week. To me that means people are trying to unload at these high prices, but no one is willing to buy at these levels. There still is a huge, inverted spread that is unsustainable. Barrels are in short supply obviously, but they need to drop. I would guess that there is more room for decreases in the Barrel than the Block.
Dairy opportunities for the customers:
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