Aug 16 2018

DAVE’S WEEKLY MARKET UPDATE

Good day to all,

Eggs:
     The egg market rose but in a controlled manner. This is the first time in a long time that the market reacted in a fairly reasonable fashion. Without it going up too far too fast it should not fall apart like usual.
Butter:
      Butter rose Monday and Tuesday and dropped back down yesterday and today. I still feel the fundamentals are there to keep butter in this price range. Heat has lowered milk output and fat content and demand is growing as we approach the 4th quarter which is always the heaviest demand time for butterfat. 

Cheese:
     Both Block and Barrel rose this week and the Barrel is now higher than the Block. An inverse spread is unusual but not unheard of. There have been 39 loads of Barrels traded this week as opposed to 6 loads of Blocks. Sliced Processed cheese demand is high as schools begin to gear up and BBQ season is in full force as Summer vacations wind down. The markets closed close to the averages so I do not expect big jumps next week. As always I must state that these are only my opinions and observations of the markets and can guarantee no results.
Healthy Brand Oils:
     Just a reminder that both locations are stocking these oils. We both have the following items.
Soybean Oil 35#
Clear Fry 35#
Creamy fry 35#
Canola Salad oil 35#
Canola Fry 35#
10% blended Oil 6/1 Gal