fbpx

Butter Market Tightens Up

Our weekly Market News highlight summary is here! Continue reading for an update on the baking industry:

 

BUTTER: Trading has been two-sided in the CME spot butter market. Sellers have been willing to offer prices lower, but buyers have been aggressive and kept the price around $1.98 ($4,365). The market is tightening up from a long-run perspective, but some seasonal weakness is likely during the second half of December. The EU fat market has loosened up a little with cream and butter prices pulling back with year-end holiday orders mostly known.

EGGS: Wholesale prices for cartoned shell eggs are holding steady as the market is in the postThanksgiving, pre-Christmas demand lull. Marketers are covering their needs for the December cookie demand season which is just underway in some markets. Offerings and supplies are in a light to moderate balance. Interest is good and trading is moderate. Wholesale prices for graded loose eggs remain soft but the decline has slowed.

WHEAT: The sharp sell-off in the energy sector has put pressure on commodities. Fertilizer costs continue to rise into all-time new highs. Ukrainian wheat exports are up 22% this year while Russia’s wheat exports are down 17% this year.

 

Click HERE for the full report.

For quality & essential baking ingredients, contact Buchmann Eggs TODAY. Get baking this holiday season!

Subscribe to our Newsletter to get all the Latest Updates.

Newsletter Signup
We will never ever sell, distribute, or lease your email address.
Skip to content