Archive for the ‘Market Updates’ Category

Jul 23 2021

Good afternoon to all, Eggs: The egg market remained stable this week. At this point, there are no factors pushing the market. Possibly the next upward pressure on markets will be the reopening of schools. Butter: While the market bounced around a bit this week, it dropped a bit today. The close was still higher

Read More
Jun 28 2021

Dave’s Weekly Market Update

  Good afternoon, Eggs: The egg market is very low due to lackluster demand. Agricultural producers are losing money as grain costs soar. Butter: In this week’s market, there was downward pressure, and there was little movement at the CME. We may see more declines next week. Inventories are strong and demand is not high

Read More
Jun 18 2021

Dave’s Weekly Market Update

Happy Friday!   Eggs: The egg market remained steady this week. Retail demand is sluggish and foodservice demand for breakfast is just not back to pre-pandemic levels. Next week should be more of the same. Butter: After a slight increase on Monday, butter prices were steady. In my opinion, we will remain within this range

Read More
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

Read More
May 21 2021

Dave’s Weekly Market Update

What a week! TGIF! Eggs:The egg market is starting to firm up. Prices have not moved yet, but inventories are coming more into balance and shortly the market will increase. Butter:Butter remained firm this week and ended up the same as last week. Cheese:The cheese markets are correcting as inventories are building. Reports are that

Read More
May 18 2021

Dave’s Weekly Market Update

Good day to all! Honor Foods Springfield: We are preparing to close up here as shipping out of Springfield will conclude in the next few days, and we will be closing completely in two weeks. I have been here almost 30 years and have developed great relationships with many of you.  Even though it’s a

Read More
Apr 29 2021

Dave’s Weekly Market Update

Good day to all. Eggs:The market is still burdened with an excess supply of eggs. Hopefully,  it will stop dropping soon as producers are losing money at this point. Grain and soy meal are way up which are the major components of the feed. Costs are rising as some states are going towards all cage-free

Read More
Apr 15 2021

Dave’s Weekly Market Update

Good afternoon to all. I will be out next week so there will not be a market update. Eggs:The egg market remained flat again. Farmers are cutting down their flocks and putting birds out to molt to reduce the glut of eggs. The brown egg market has collapsed in the past month and gone down

Read More
Apr 08 2021

Dave’s Weekly Market Update

Happy Thursday to all! Eggs:The egg market continues to correct itself but it seems like it is nearing the end. We just passed the level that egg producers need to break even. If it goes much lower they will start losing money again as they did last year. Butter:Butter had been dropping earlier this week

Read More
Apr 01 2021

Dave’s Weekly Market Update

Good afternoon, Eggs:The egg market is aggressively dropping this week and probably more to come. Butter:Butter has been rising steadily and futures do not show any weakness in the coming months. Cheese:Both Block and Barrel have risen as the week goes on. US dairy prices are way cheaper than the rest of the world and

Read More