Good afternoon to all:
Eggs:
The egg market has suddenly tightened up and is rising aggressively. I would expect double-digit increases next week also.
Butter:
This week, butter has bounced around a little and ended up slightly higher. We now have a secondary label of butter that is more aggressively priced.
Cheese:
Above you can see how aggressive this week’s Block market was. There were no offers, just a few sales that pushed it back up. Barrels also rose aggressively at the beginning of the week. Spreads rose to .37 cents this week. Due to this, I am curious to see where the markets settle.
Supply Chain Issues:
During my 40 years in the foodservice industry, I have never experienced shortages or delays like these. Food inflation continues to rise as manufacturers raise prices to cover the increased costs of doing business. Freight has increased dramatically, packaging costs are skyrocketing, and companies are raising wages and offering sign-on bonuses to attract and retain employees. We all, unfortunately, need to get used to the shortages we are experiencing. In the face of shifting or discontinuing brands, customers are starting to recognize the need for flexibility. They are forced to fill in with other products. As we work through these unprecedented times, Honor Foods is constantly sourcing alternatives to offer to you. Contact your Honor salesperson if you are experiencing shortfalls with your current suppliers.
As always we thank you for your business and wish you a safe and relaxing weekend.
About Honor Foods
Honor Foods, a Burris Logistics Company, was founded in 1949 as a redistributor of center-of-the-plate foods. Since then, Honor Foods has grown into the Mid-Atlantic region’s premier provider of frozen, refrigerated, dry, and dairy products, representing more than 300 brand-name food suppliers and carrying more than 3,000 in-stock items. Honor Foods brands R.W. Zant and Sunny Morning provide additional beef and dairy expertise on the West Coast and in the southeast. In addition, our exclusive house brands — Colony Lane and Valley Fresh, have a well-earned reputation for top quality and value at competitive prices.
Great products and prices are just part of the Honor Foods value-add. We pride ourselves in having a Team of dedicated professionals who manage each partnership. Our commitment to your business needs is what makes us unique.
