Sep 24 2015

Dave’s Weekly Market Report

Happy Thursday:

Eggs:
     The egg market remained flat this week. Some of the frozen egg items have dropped some more but liquid eggs and yolks remain firm.
Butter:
     Butter set a new record high today closing at $3.10 at the C.M.E.. There seems to be no end in sight to this market. With the new health trend towards all natural and pure ingredients butter is becoming a shining star. That combined with Mcdonald’s switching from margarine to butter along with the upcoming baking season set the market on fire. I think we will still see it rise, but more than ever I must state that these are only my opinions and observations of the markets and can guarantee no results. I have attached a letter explaining the recent jump in butter prices.
Cheese:
     Both block and barrel dropped this week and today the barrel did the dead cat bounce and  jumped back up .09. This closed the gap between the two markets to an acceptable .04 spread. I kind of hope it settles in for a while,but…
Honor Foods thanks you for your continued business and wish you and your families a safe and relaxing Fall weekend.