Apr 25 2013

Dave’s Weekly Market Report

Good Afternoon to all:

Eggs:

For the second week there was no change in the egg market. The supplies have moved into ” a well balanced position” and the market is quoted as being steady. It wouldn’t surprise me if they begin going up next week.

Butter:

There were sharp declines this week and no activity in today’s trading. I am not sure what the next move will be. The domestic market had gone up sharply in response to the world market which I believe is still very aggressive. I am not sure if this is a correction or an opportunity! The increases all month caused cream cheese and cream to rise through the last month. This should reverse itself over the next month.

Cheese:

There was also some weakness in the cheese markets. The block remained fairly strong while the barrel was selling off. There is a huge and unnatural spread between the block and barrel markets. Now about .17 when traditionally it is around 3 – 4 cents. Time will tell us as to how this spread will correct itself.

We all thank you as always for your business and wish everyone a safe and relaxing Spring weekend!