Jun 10 2021

Dave’s Weekly Market Update

Happy Thursday!

Eggs
Markets are still adjusting to the overabundance of eggs. Due to lower foodservice volumes, prices have dropped somewhat.  Next week, I believe we’ll see a slight decline.
Butter:
Butter ended the week with decent movement and was slightly higher than last Thursday. I believe it will stay in this range unless it gets very hot and the fat content in milk drops and ice cream sales increase.   

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Cheese:
Even though blocks fell some this week, they closed higher than the average following today’s jump. Next week, if nothing changes, it will go back up. Also, barrels (American Cheese) seem to have some strength. Markets are very low considering there is a strong supply of milk and strong movement.
We at Honor Foods thank you for your continued business and wish you all a relaxing weekend.