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News in Review
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Food Quiz
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Talking For Fun - and Profit
By: Roy Bergold
With the largest foodservice show in the world taking place this month, take it from a quick-service veteran—networking is worth your time.
Well, here it is: May. The season for trade shows is really starting to heat up as is the weather. It’s when travel becomes not just a question of if there will be airline delays, but how long they’ll be. So, the subject of this month’s diatribe is trade shows and their prime purpose: networking.
Let’s start with what I know best, which is how McDonald’s used to deal with the above, and then discuss how you should do it today.
In the really old days, this was known as talking with people for fun and profit. We didn’t have the term networking. We had local co-op meetings where the operators in a television market got together to trade war stories and decide how to spend their marketing money. As a part of this, they shared successes and failures. Operators who had been around for a while mentored newer operators, listening to their problems and suggesting solutions. The same situation occurred on a national level with a national co-op of elected operators who met several times a year for much the same purpose.
There were very few trade organizations, but that was OK, as McDonald’s avoided them like the plague. The feeling was that we had invented the business, so why tell our competitors how to be successful, how to solve the problems, and how to avoid mistakes? And, for heaven’s sake, what could our competitors help us with? We were very closed off to the press, trade organizations, and trade publications. Company people were not even allowed to talk to the press without specific permission.
The company performed the duties of networking in those days by communicating with the operators in co-op meetings and by forming a local-store marketing department that gathered and distributed ideas that were successful on an individual store basis.
Every two years, however, there was a World Wide Convention held for the express purpose of communicating what was new. Sort of an intra trade show for anyone involved with McDonald’s. All three legs of the stool attended: the company, the operators, and the suppliers. And all three heard all the information. McDonald’s felt that everyone involved should have the same information. This was the prime opportunity for everyone to network.
Now, I have been to a lot of trade shows and conventions in my career, both at McDonald’s and in the nine years since my retirement. Trade shows and conventions are wonderful for networking, if done correctly.
I’ve been to the ones where cocktails and sightseeing seemed to be the order of business, and I’ve been to the good ones, where information and networking were...
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The essential question is not, "How busy are you?" but "What are you busy at?" "Are you doing what fulfills you?"
- Oprah Winfrey
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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 rose 2.6% from the previous week but was 2% less than a year ago. Cattle supplies remain relatively limited and slaughter weights are trending well below 2009 and 2008 levels. This could temper seasonal beef output gains in the coming weeks. The beef trimming markets continue to trade at historically inflated levels due to lighter beef production, reduced US beef imports and good demand. Given the trade challenges with Australia, elevated beef trimming prices may persist which could support various beef end cut markets including the chuck and round. Price USDA, FOB per pound.
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Dairy |
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The spot CME butter market has been volatile during the past week. The butter market made an eighteen month high earlier this week but pulled back sharply on Wednesday. The trade is anticipating higher butter prices in the coming months. The cheese markets are steady to weak due to ample existing inventories. The butter market is currently trading at a $.20 premium to the block cheese market. Typically a notable butter premium such as this will cause milk deliveries to favor butter production instead of cheese which could be bullish for cheese longer term. Prices per pound, except Class I Cream (hundred weight), from USDA.
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Poultry |
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The broiler feed price ratio for April suggested that chicken producer profitability was much improved from a year ago. Besides modestly lower feed prices, rising chicken breast prices are the principle driver behind the better margins for chicken processors. Boneless skinless chicken breast prices are currently trading at their top level since September 2007 and higher breast markets may be forthcoming. Typically, the boneless skinless chicken breast market rises roughly 5% during the next four weeks before peaking. The chicken wing markets continue to decline due to modestly higher chicken production and seasonally slow demand. The chicken wing markets could bottom in the not so distant future. Prices USDA, FOB per pound except eggs (dozen).
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Seafood |
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The snow crab leg markets are trading at some of their highest price levels in over a year. Snow crab leg demand has been better. Additionally, the industry is preparing for an overall decline in the Canadian snow crab harvest this year. Snow crab leg prices could continue modestly upward for the next few weeks. Still, history suggests that the snow crab leg markets may settle sometime in the late spring. 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 declined 2.2% and was .7% less than the previous year. Slowed pork output and solid demand continue to support most of the pork markets at elevated levels. Although the upside risk in many of the pork markets is likely nominal from here, fairly inflated pork prices are anticipated to persist into June. Belly stocks are being described as critically short which should help support belly prices. The April hog-feed ratio was the best since August of 2007 suggesting improved margins for hog farmers. Prices USDA, FOB per pound.
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Produce |
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The larger sized potato markets continue to jump upward due to limited supplies. Smaller sized potatoes (90 count) continue to trade at depressed levels. Additional larger sized potato market increases may be forthcoming although any price expansion could be modest. Tomato supplies remain limited. Eastern US tomato output is anticipated to improve throughout May but it may be next month before supplies can return to more normal levels. Fairly inflated tomato prices could persist this month. Onion supplies are slowly improving and lower onion prices may be pending. Prices USDA FOB shipping point unless noted (terminal).
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Oil and Grains |
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2010/11 crop planted wheat acres are forecasted to the their smallest in the last thirty-nine years. Baring any crop failures, adequate wheat supplies should still persist. Prices USDA, FOB.
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Canned and Frozen Food |
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Tomato Products, Canned - California is about eight weeks away from the start of the harvest. Lower raw product costs could lead to lower canned tomato prices. Prices per case (6/10) FOB, unless noted from ARA.
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Processed Fruits and Vegetables - Vegetable for processing planting is underway and is mostly ahead of schedule. Lower canned vegetable prices may be pending this fall. Prices FOB per case from ARA.
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Perplexing situation. Who gets the tips?
Community member BurgerMan writes...
Here is a perplexing situation that I didn't see coming.
During this remodel we switched from "table service" to "counter service." I figured that this would dramatically decrease tipping or cut it out completely. Unfortunately, we still have plenty of regulars that feel they should leave something on the table. In a day's time it might add up to $100.
I have former waitresses (now cashiers) that feel they are entitled to the...
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Source of wait staff
Community member Hiwasss writes...
I've having trouble with a few of my past hires. They either are unreliable, not up to par when it come to service or appearance (sloppiness). Is there a head hunting firm for waiter/waitress? I've never hired a professional waiter before but if i have to pay a little more or for their health/dental I'm willing. Just surpass the 1 year mark, we have lots of repeat customers and business is picking up. Problem is I'm always 1 or two waiter/waitress short because people wouldn't...
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It's always something! Creative way to lost busines
Community member BigTip writes...
I was off yesterday. I come in to work today and they tell me that there was a police situation in the apartments behind us. A guy with a gun was barricaded in an apartment. They had the SWAT team truck, bomb squad truck, and four police cars parked in my lot.
So from 5pm until 10pm Saturday night, they wouldn't let anybody in or out of my restaurant. Naw, I don't need a Saturday night's sales. Arggh!
Yes, I think they over reacted, but that...
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I'm wary of rabbits
It's 1999 according to the Gregorian calendar, but the Chinese lunar calendar puts the year at 4697, the year of the Rabbit. And in case you're wondering according to the Chinese zodiac the year of the Rabbit is the luckiest of all. When I'm young I have hair, but as I grow I lose it, and my skin turns green. I grow on vines, and my flesh is white, tender and sweet. So I'm especially wary of rabbits, and I'm not so certain it will be my lucky year. The Chinese saying "Eat well and prosper" frightens me even more because if people were so inclined I could be a feast all by myself because I can grow to 30 pounds. But more often than not I'm harvested when I weigh 8-12 pounds. I'm told people celebrate the New Year in a number of ways, but most especially by feasting. Chinese believe that what you eat at this time of year will effect your fortune for the entirety of the year. So I truly hope that I won't be the main course in any of your feasts. The unindoctrinated American may think I'm a fruit, but the Chinese eat me as a vegetable in soups, entrées, or even as their desert. The Italians and Chinese often serve me with ham. Humans find me delectable raw or cooked. Since the year of the Rabbit represents luck and good fortune, maybe I'll luck out and the Rabbit won't eat me. Regardless, I'm certain to ensure prosperity in your health and well being since I am a great source of folic acid, potassium, and Vitamins 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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