Jun 07 2019

DAVE’S WEEKLY MARKET UPDATE

Eggs:
     The egg market finally has woken up and is rising. I am confident we will see more in the near future as all of the sudden eggs are in short supply.
Butter:
     Butter production is tightening up in the Eastern part of the country. We saw a few cent increase again this week. I feel it will remain firm and higher into the Summer. I do not expect anything drastic unless a long heat wave takes place.
Cheese:
     The Barrel market has been actively trading at the CME this week as 41 loads were traded. In the past 2 days it has rebounded almost .04. The Block rose almost every day this week. The spread is now .2275. I feel the Barrel will regain some of its losses to narrow the spread 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 hope you all have a safe and relaxing Spring weekend.