Dave’s Weekly Market Update for 01/03/24
Valuable insights on the latest market price changes for eggs, butter, cheese, and cream products.
Eggs:
The egg market continues to climb as more outbreaks of HPAI keep taking place. We are in uncharted territory with the market over $6.00 a dozen. I believe this will put more strain on the supply of Cage Free eggs as well. Farmers might want to sell them as regular eggs with the spread being a few dollars a dozen. Crazy times for sure.
Butter:
Butter drifted slightly lower with only 11 loads changing hands. I think it should drop some but who knows in the new market economy.
Cheese:
Both the Block and the Barrel keep rising when they really should not be. Some is due to export activity, and some may be caused by the effects of HPIA in dairy cattle. This is only a guess, but it is wreaking havoc in the California herds. This is the largest dairy state. me to close the gap.
Dairy opportunities for the customers:
All the team at all Honor Foods locations want to express out gratitude and thanks for all the business you have given us all year!
We look forward to an exciting year working with you and your teams.
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