Dave’s Weekly Market Update for 12/13/24
Valuable insights on the latest market price changes for eggs, butter, cheese, and cream products.
Eggs:
The egg market turned around and is on fire! There were more AI outbreaks in Iowa, and millions of birds were lost. Much of this was a farm that supplied Michael Foods with much product. Their allocations are getting worse due to this. Another further processed item with issues is plain liquid yolks. We keep getting cut drastically. We cannot source the 15/1 yolks, either Cage-free or conventional. The market today alone went up .28 a dozen. In all my years, I do not ever recall a one-day jump like this. To me it is mindboggling that last week the market was dropping and now there is a shortage! .
With an extreme market like this, we reserve the right to adjust prices during the week.
Butter:
Butter drifted down .01 in moderate trading this week. Maybe it will stay in this range for a bit, but time shall tell.
Cheese:
Both markets rose this week. It might be due to exports as we are much cheaper than the world markets. Could the potential for tariffs have helped this jump? I am somewhat cautious about this jump as the markets have been so complicated as of late.
Dairy opportunities for the customers:
We all wish you a nice relaxing weekend and as always, we thank you for your continued business!
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