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News in Review
Market Reports
Food Quiz
Industry Discussion
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An Owner's Perfect Day.
By: Roy Bergold
If you have read all 34 of my columns, you know that I have spouted off about what I thought you could do to be the perfect owner, manager, employee, and even customer of a quick-service restaurant. In my opinion, of course.
Well, several of you readers have asked to have these gems of goodness, these pearls of pulchritude, all together in one place. I guess this is so you don't have to carry around 34 magazines to achieve perfection. I can understand that. So, here in one place, are the results of my 32 years of experience in the business, trying to be the perfect boss and manager.
To start with, there are four groups of people any restaurant owner needs to manage and play nice with. They are his family and friends, the customers, the employees, and the suppliers. No problem, right? Just balance all four and spend the rest of your free time playing old Mozart records and tasting wines from Montana. So, what are some of the things you can do during your day to make life easier for you and all four of your objectives?
I will cover family and friends at the end of this piece, even though they are the most important people.
On to the customer. You gotta think like he does. That's like saying jumbo shrimp or military intelligence. Can't be done, but you can try. First, look at your store through his eyes. Is the paint peeling, are there weeds in the landscaping, is there landscaping? Does the place look inviting, lit up at night? Is the lot striped? Ray Kroc wanted to go to Ace Hardware to buy some paint one time when...
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Your premium brand had better be delivering something special, or it's not going to get the business.
- Warren Buffett
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Advertisement
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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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Beef production last week declined 2.8% and was 3.6% smaller than the previous year. The beef ribeye and tenderloin markets are jumping sharply higher as holiday buying demand accelerates and beef packers slow beef output. The choice beef rib primal composite has peaked in December during the last 3 years which suggests that additional rib increases may be impending. However, there are already reports of waning buyer interest which may signal that many of the holiday beef cut markets could steady soon. Prices per pound FOB from USDA.
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Dairy |
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The CME block and barrel markets have once again turned higher from the low $1.60?s. The CME cheese markets have not traded appreciably below $1.60 in 18 months. That being said, expectations are building that the CME cheese markets could move below $1.60 in the coming weeks due to more milk being directed to cheese production and a rapid decline in the value of the international cheese market. The butter market is weak and butter futures are anticipating lower butter prices this winter. Prices per pound, except Class I Cream (hundred weight), from USDA.
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Poultry |
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Russia recently announced that they will cut the import threshold for US poultry products in 2009 by an additional 100,000 metric tons. As it stands now, the US poultry export cap to Russia next year will be 35% less than 2008. Given that Russia typically accounts for a third of US chicken exports, this is not good news for the US chicken industry. Chicken output cutbacks should persist well into 2009 which eventually may be bullish for chicken breast and wing prices. The boneless skinless chicken breast market could move upward in December due to the output slowdown. Prices USDA, FOB per pound except eggs (dozen).
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Seafood |
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Given the state of the US and various other economies, seafood demand could suffer in the coming months as consumers attempt to lessen protein expenditures. This factor and an appreciating US dollar, which should encourage US imports, could be very bearish for seafood prices for the foreseeable future. The shrimp markets are tracking modestly lower. Prices for fresh product, unless noted per pound from Fisheries Market News.
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Pork |
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Pork output last week declined 3.2% and was 3.4% smaller than a year ago. The pork markets in general may be bottoming. In recent days, the USDA pork cutout traded as low as $56.27 which is near the annual floor. The USDA pork cutout has not traded appreciably below $55 since the winter of 2003 which suggests that notable downward risk from the current levels is very unlikely. Could be an opportune time to visit or revisit pork contracts. Seasonal charts indicate that the ham market may move upward over the next few weeks. Prices per pound FOB from USDA.
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Produce |
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The USDA is projecting the fall US potato harvest at 373.5 million hundredweight, 8.3% less than last year and the smallest crop since 1991. The fall Idaho potato harvest is estimated at 114.9 million hundredweight, 11.7% less than a year ago and the smallest crop since 91 as well. The Idaho potato markets continue to modestly decline but history indicates that they could steady soon. Idaho potato prices are expected to trade significantly above prior year levels through the winter. Lettuce supplies are improving. The avocado market is trending lower as imports build. Prices shipping point unless noted (terminal) FOB from USDA
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Oil and Grains |
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The soybean oil market has traded in the low to mid $.30 range for 5 weeks. Soybean oil prices are expected to remain below prior year levels this winter. 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 - California tomato growers are looking for a raw product contract increase from canners of roughly 30% for 2009. Steady to modestly higher canned tomato prices are expected to persist into the winter. Price per case (6/10) FOB from Supply and Market Report.
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Processed Fruits and Vegetables - Most fruit and vegetable canners will be experiencing a significant can cost increase in January. However, the can price appreciation is not anticipated to hit the canned fruit and vegetable markets until new crop 2009. Prices FOB per case from Supply and Market Report.
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Keeping books - monthly basis or four 13 week periods?
Community member LindaB writes...
We have a restaurant with a full service bar - about 2M in annual volume.
Currently, we keeep all books on a monthly bookeeping basis. Makes sense because we have so many monthly bills. We have 12 P&L periods, of course, and management bonus is paid quarterly. Management bonus is simply 15% of profit.
My manager recently has been talking about the advantages of having 13 4-week periods instead.
Talked to my accountant who said this would be a bookeeping nightmare...
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Keeping it going
Community member brobb writes...
Have a small cafe' for last 4yrs. Business has slowed. We are on a walking mall. When we started their were only a few places to eat. We serve no alcohol. Everything we can make is homemade.We are a family run business. The cafe has a 5 star rating still today with many repeat customers as well as new. We built up a very good business. Now their are 3 more places like mine, a new bbq place, two Thai,. The mall has other shops such...
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Chemical dispenser
Community member TCP writes...
We will open our 1000 sqft (plus outdoor seating) cafe. I am about to place an order with US Foodservice for cleaning chemicals. The total cost of these chemicals is $280 but i need to meet the minimum $500 which means buying other non food supplies. I would prefer getting supplies at Restaurant Depot and other competitive cash and carry suppliers. Restaurant Depot prices are lower than US Foods across the board and it is conveniently located and don't have minimum order requirements. The convenience...
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The Fruit of Life
They call the tree upon which I am born "The Wall Tree". Depending on who you ask I have between 200 and 400 varieties. I was first documented in Chinese literature by the great philosopher Confucius around 479 BCE. It wasn't until 140 BCE that I, the Chinese Fruit, was brought to Rome by the great Chinese emissary Jan Qian. The Chinese consider me the fruit of life, and my blossoms are worn around a young bride's neck to symbolize virginity and fertility. Before arriving in Europe and later America (in the year 1515) I spent quite a bit of time in Persia where I acquired several new qualities. I added another possible color for my flesh, and developed the ability to grow larger. When I arrived in Rome I was called the "Persian Apple". Pliny complained that I has more juice than flavor and he had to keep changing his toga. But some claim I am the ambrosia for the gods. With a firm but delicately juicy flesh, I used to be quite a delicacy, and very difficult to come by. Today I am one of the most popular fruits on the planet. In the month of July we are singularly responsible for one-third of all fruit consumption in the USA. Best eaten fresh, I can also be canned, dried, pureed or juiced. My sweetness tends to keep me in the dessert category but I am great alone as a snack, spread as a jam on your favorite breakfast bread, or used in chutneys. I have the highest vitamin count of all fruit especially high in vitamin A and C.
What am I?
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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