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Wheat Markets Continue to Trade Off of Soybean Strength

Legacy Market News has valuable information for the baking industry this week. Here are some of the important takeaways:

EGGS: Wholesale prices for cartoned shell eggs remained unchanged through the first full trading week of the new year. Consumer demand for shell eggs weakened over the past New Year’s holiday week as the 2020 holiday season came to a close. Supermarket feature activity for conventional shell eggs increases as the new year gets underway.

FLOUR: Wheat markets continue to be trading off of the soybean and corn strength. Softness in the U.S. dollar will continue to keep U.S. ag exports competitive on the global stage.

BUTTER: Price is down 0.01, at $1.38. Compares to a year ago, butter is down about $0.50. It has significantly decreased at the same rate the past few days.

Buchmann Eggs is proud to offer high quality baking ingredients for any operation. Contact us today to see how we can support you and your business!

Click here for the full report.