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Volume 7, Issue 21 May 25, 2007 |
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Weekly News in Review
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| Restaurant Demand 2007 Results Announced At NRA Show |
The restaurant industry is becoming recession proof due to increased pricing power over consumers, according to 2007 data from the Kanbay Research Institute (KRI). Although revenue growth is up in the restaurant industry same store sales growth is down, indicating that continued location expansion is not necessarily a winning strategy.
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Read Article Browse All News | Source: QSR Magazine |
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| Restaurant owner to teach kids' classes on table manners |
As a restaurant owner, Joyce Flinn has seen her share of distracting and disruptive children at the dinner table. And as a mom who raised two boys, she has sympathy.
"I see a lot of families come in where the child has no concept of putting the Game Boy down," said Flinn, a Bergen County native who now lives in Weehawken. "Not every family puts a priority on that."
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Read Article Browse All News | Source: North Jersey Media Group Inc. |
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| A Perfect Burger, Top to Bottom |
I thought mastering the hamburger would be easy. After all, I had cooked for many years in fancy-schmancy restaurants. How hard could it be? So I agreed to take the culinary reins of a start-up burger chain in Boston with a couple of friends.
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Read Article Browse All News | Source: Washington Post |
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| Merchants, pay attention to rising credit-card fees |
Downtown Indianapolis restaurateur Regina Mehallick admits figuring out how much credit-card fees affect her bottom line doesn't occupy a big slice of her busy day. But perhaps it should.
"I'm probably remiss in not doing that. I'm more concerned about my food and my menu," said Mehallick, whose R Bistro at 888 Massachusetts Ave. will celebrate its sixth anniversary this month.
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Read Article Browse All News | Source: IndyStar.com |
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| French Laundry chef talks about celebrity life |
Thomas Keller, the acclaimed Yountville chef behind the French Laundry, distanced himself from elements of his restaurant empire during public remarks in San Francisco last week, saying the credit belonged with others.
Keller said the restaurant Per Se and the book Bouchon were clearly not his own but the works of others.
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Read Article Browse All News | Source: San Francisco Business Times |
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| Restaurant Refuses To Sing Happy Birthday To 82-Year-Old |
When you go out to dinner on your birthday, whether you want it or not, you expect a little birthday serenade from your favorite restaurant’s wait staff. Not so fast .
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Read Article Browse All News | Source: WKRN |
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| Ramsay Dreams 'Kitchen Nightmares' for FOX |
Gordon Ramsay, star of FOX's "Hell's Kitchen," is bring another slice of cooking-fueled terror to the network.
FOX has ordered up "Kitchen Nightmares," a new unscripted series from the mercurial Ramsay.
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Read Article Browse All News | Source: Tribune Media Services, Inc. |
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More News | Casual Dining News | QSR News | Fast Casual News | Manufacturer News
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Fair Tax Legislation 2007
By Howard Black
As many of you know, I am a big advocate of the Fair Tax legislation that has been proposed by Representative John Linder. (H.R. 25 & S. 1025 The Fair Tax Act of 2007) Currently there are 60 Representatives and 4 Senators in support of this non-partisan legislation. I think that it is important that every restaurant owner know and understand this important change in our tax system and how it will affect them, their families and employees. Recently, I attended the Fair Tax Rally in Columbia, SC. It was held in the Columbia Coliseum and across the street from the Bi-Lo center which was hosting the Republican debate. Over 9,000 people attended the rally and protest. This is grassroots politics at works, and it needs your support. I do not believe that I am an expert on the Fair Tax legislation. I do encourage anyone that believes they are paying too much in taxes to research materials available on the Internet. Only through knowledge and grass root support can we change a system that has been flawed since its conception in 1910. The legislation starts by ending individual income taxes, corporate income taxes, payroll taxes, medicate taxes, social security taxes, estate and gift taxes, dividend taxes, capital gains taxes and the alternative minimum tax. It will replace these burdensome taxes with one national sales tax. It is estimated that this tax will be approximately .18 on every dollar that you spend. In my opinion, the largest benefit to gain from the fair tax is its ability to put American businesses and manufacturers back on a level playing field with overseas companies. By removing income taxes from the manufacturing process it will eliminate about 24% of the cost of the final product.
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"The true measure of a man's wealth is in the things he can afford not to buy"
- Ralph Waldo Emerson
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View updated pricing and information each week on the website for the following food-commodity markets:
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Beef, Veal & Lamb |
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The May 1st cattle on feed inventory was 2.3% less than last year. April cattle placements into feedlots were 2.8% lower than 2006. The May 1st near slaughter ready cattle inventory was 2.6% larger than the prior year suggesting that beef production should remain slightly above 2006 levels for the near term but could fall below a year ago this summer. Many beef markets are trending downward and additional decreases may be impending. The US has officially received a ?controlled risk? BSE (mad cow disease) grade with the OIE which could lead to a modest boost in US beef exports. Prices per pound FOB from USDA.
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Dairy |
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April US milk output was 1.3% greater than last year due to a 1.2% increase in milk per cow yields and a .1% larger milk cow herd than 2006. The US milk cow herd did decline by 12,000 head during April compared to the prior month but any further milk cow herd contraction should be modest. Strong whey and nonfat dry milk prices continue to influence the dairy complex upwards. Fairly inflated cheese and butter prices are likely to endure but various buyers continue to limit purchases. Prices per pound, except Class I Cream (hundred weight), from USDA.
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Poultry |
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The April broiler type chick hatch was 1.7% larger than last year and 1.1% more than April 2005 suggesting that chicken production should track above prior year levels soon. Chicken output is anticipated to trend 1-2% higher than a year ago into the summer. Consequently, the seasonal peak for chicken breast prices may have already occurred. Still, fairly inflated chicken breast markets are expected to persist through the end of the spring. Additional chicken wing market decreases may be impending. April 30th cold storage chicken breast (15%) and wing (12%) stocks were less than 2006. Prices per pound except eggs (dozen) FOB from USDA.
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Seafood |
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Newfoundland snow crab fishing remains slow with 18,193 metric tons landed, 32% less than the same week last year and just 38% of quota. The snow crab leg market is erratic but should stabilize in June. The Canadian dollar has strengthened to a 30 year high against the US dollar which is mitigating Canadian seafood companies? profitability. Prices for fresh product, unless noted per pound from Fisheries Market News.
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Pork |
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Pork production last week rose 1% and was even with a year ago. Pork output early this week has been unseasonably strong but could slow shortly due to limited packer margins. Grilling season demand is boosting the pork rib markets. Cyclical charts indicate that the rib markets may move lower soon. Last year the sparerib market fell 10% during the next 2 weeks. April 30th pork belly (1%), rib (13%), loin (6%), and butt (18%) stocks were less than 2006. Prices per pound FOB from USDA.
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Produce |
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Florida tomato shipments rose 11% last week and were 12% larger than the same week in 2006. The tomato markets are depressed. The chief tomato growing areas will be transitioning north in the coming weeks which could cause some tomato market volatility. Still, no major tomato supply gaps are anticipated at this time. Lettuce prices are historically low due in part to favorable weather. Lettuce supplies are anticipated to remain relatively adequate into the beginning of June. Prices shipping point unless noted (terminal) FOB from USDA
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Oil and Grains |
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Corn crop conditions have generally improved with 78% of the crop rated good to excellent compared to 66% last year. Still rising demand is inflating the grain corn market. Prices per pound (oils) or bushel (grains) FOB from USDA.
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Canned and Frozen Food |
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Tomato Products, Canned - Warm and dry weather has tomato farmers optimistic for good yields this summer with the 2007 tomato for processing crop. The harvest should get started in late June. The canned tomato markets are firm. Price per case (6/10) FOB from Supply and Market Report.
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Processed Fruits and Vegetables - April 30th frozen green bean (22%) and cob corn (12%) stocks were both greater than the previous year. The processed vegetable markets are firm. Prices FOB per case from Supply and Market Report.
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The Employment Center is your gateway
for posting job listings or your resume
into 3 of the most
popular sites
in the foodservice industry.
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False Alarms, you still get robbed!
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My alarm has gone off 4 times since the 1st of the yr, all false alarms, why the thing goes off is a faulty camera I come to find, 3rd time cost me $50.00, yesterday ran me $75.00, WTF, I create jobs, add alot to the tax base, provide a service. If I called the Police nightly because I thought I heard noises in my house, no charge.
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Start-up of a restaurant
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My husband has a friend he has been helping set up an old recently remodled burger joint. He brought home their menu last night handed it to me and said they have asked me to fix it.....Huh.....ME! Well I looked at it and it is the craziest thing I have ever seen. $1.75 for an extra side of bacon on your burger.The prices are all like $5.95, $4.60, $3.30..A grilled cheese is $3.10 Chili Cheese fries $3.80.Chili Dog $4.70 My mind is going what about the poor person making change geez...... SO My question..
Would someone please point me to a thread I can copy and hand to these people to help them. They have never owned a restaurant before and I really don't want to end up buying the place from them and working it.
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Gas Prices Hurting Business
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Are the Rising Gas Prices going to be hurting your business? With Gas Prices as High as $4 a gallon in some cities and it is still not the peak of the summer season are you expecting a decrease in sales at your Restaurant? I know for a small family owned and runed restaurant like ours we are already noticing the decrease in sales.
With large Corporations such as Walmart noticing a large decrease in their sales its only stands to reason that everybody else will suffer as well.
Will this be the summer that small businesses shut down because of the Gas Companies? Will the Government Step in to help the consumers out by setting up rules for the Gasoline Moguls?
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I am pear shaped and three inches long
I am the yellow/orange fruit of the Eriobotrya japonica evergreen tree form the orient. Because I am not confined to a tropical climate, my coming out party is the first of all spring fruits, and I am the first to depart as well. I am pear shaped and three inches long. If you judged me by my looks, I would be similar to an apricot but I impart an almond flavor when used n jams and jellies. My flesh is pale yellow and I have a mild sweet/tart flavor. I have one to three large seeds in my center. Keep me away from bruisers as they would have a field day with me. I stay very clean when kept close to home, and have a tendency to get discolored and misshapen when I travel long distances. Originating in China I am also grown in Japan, India, Central America, and the United States. I can be poached in syrup, eaten out of hand, used in chicken and duck dishes, fruit salads, dried or canned. I am an excellent source of Vitamin A and very low in calories. So lo that it is part of my name.
What am I?
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The Food Quiz has is brought to you by Culinary Specialty Produce, a specialty produce broker that scours the world for the very best in specialty produce. Contact them at 908-789-4700 or by sending an email to info@culinaryproduce.com.
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