SimiOfDoom
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Well, in The Avengers, Thor tells Loki that everyone mourned him. Most cultures have some sort of ritual on the occasion of a death. So it is likely that they would have had some sort of ceremony (not depicted), though it probably would not look like a funeral any of us might have attended. (And it's not uncommon for there to be a gathering for a meal afterward.)
At the feast at the end of Thor1, Sif offers her condolences to Frigga. People often do that the next time they see someone after a death. So this suggests this is the first big gathering since Thor's and Loki's confrontation on the Bifrost. My recollection is that Sif at least is dressed up for it. A death in the family is a pretty significant event, so it seems odd that they would be hosting a party for some other reason at that point in time.
So while it's true that they don't explicitly say that it is a funeral feast, it seems like a reasonable interpretation of that scene.
According to Pagan culture someone is mourned for a week, then at the end of said week a feast is held in honor of the person. Somewhere in that time the body and the persons belongings are burned on a pyre.
Question is, if the writers of the screenplay knew that though :/