Jan 14 2016

Dave’s Weekly Market Report

Happy Thursday.

     The medium egg market has been rising for the past 2 weeks and the large eggs started this week. We will see more increases next week as inventories are tight.
     Much to my surprise the market jumped  .12 in the last 2 days. I am not sure what to expect. I was informed yesterday that Cabot is out of 55 lb unsalted butter cubes and may not produce them anymore. I will keep you posted.
     I have butter coming in from Wisconsin Monday to replace the cubes and the Cabot Farmstead value priced butter solid. I also have a value priced salt free solid coming also. I am hoping to have good acceptance to the new butter as we are working hard so you can always be competitive in the marketplace. Later in the week I will also have a European high fat butter to offer at aggressive pricing. Please ask your sales associate for more info on this exciting new line.
     Both block and barrel went up slightly this week. Land O Lakes came down .03 following their new pricing protocol. The Hilldale solid American by LOL went up .11. I missed that last week when I made the changes but now will move with all the other LOL American cheeses. The Block and Barrel spread has narrowed and is getting closer to where it should be. I believe we will settle somewhere within a few cents of this within the next few weeks but as always I must state that these are only my opinions and observations of the markets and can guarantee no results.
Honor Foods thanks you for your continued business and wishes you and your families a safe and relaxing Winter weekend.