Posts Tagged ‘Honor Foods Philadelphia’

Jul 23 2021

Good afternoon to all, Eggs: The egg market remained stable this week. At this point, there are no factors pushing the market. Possibly the next upward pressure on markets will be the reopening of schools. Butter: While the market bounced around a bit this week, it dropped a bit today. The close was still higher

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Jul 13 2021

Industry News – Shipping Delays and Higher Rates Get Small Businesses Jammed Up

Small importers bear the brunt of snarled supply chains; ‘$17,000 and it won’t move until September’ Wall Street Journal By Costas Paris July 11, 2021 11:00 am ET Video: LA port backup reflects larger supply-chain issues Long waits for merchandise deliveries and crippling costs are hobbling the efforts of small and midsize businesses across the

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Jun 28 2021

Dave’s Weekly Market Update

  Good afternoon, Eggs: The egg market is very low due to lackluster demand. Agricultural producers are losing money as grain costs soar. Butter: In this week’s market, there was downward pressure, and there was little movement at the CME. We may see more declines next week. Inventories are strong and demand is not high

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Jun 18 2021

Dave’s Weekly Market Update

Happy Friday!   Eggs: The egg market remained steady this week. Retail demand is sluggish and foodservice demand for breakfast is just not back to pre-pandemic levels. Next week should be more of the same. Butter: After a slight increase on Monday, butter prices were steady. In my opinion, we will remain within this range

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Jun 15 2021

Industry News – Food Supply Chains Are Stretched as Americans Head Back to Restaurants

“Demand has changed too. Restaurants that remained open slimmed down their menus during the pandemic and shifted from fresh ingredients for salad bars and buffets to using more prepackaged foods for takeout and delivery operations. Manufacturers cut down on product range, offering fewer varieties of breaded chicken tenderloins, for example, while meat processors reduced production output to meet Covid-19 safety standards.”

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Jun 10 2021

Dave’s Weekly Market Update

Happy Thursday! Eggs Markets are still adjusting to the overabundance of eggs. Due to lower foodservice volumes, prices have dropped somewhat.  Next week, I believe we’ll see a slight decline. Butter: Butter ended the week with decent movement and was slightly higher than last Thursday. I believe it will stay in this range unless it

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Jun 10 2021

Market News – The Perfect Storm Making Everything You Need More Expensive

“…Food prices are already rising due to a surge in demand for agricultural commodities such as corn and soybeans driven by China, where demand for animal feed is soaring as hog herds recover from an African swine fever outbreak, according to Patterson. The government has also been rebuilding depleted domestic corn reserves, he added.”

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Jun 09 2021

Industry News – 5 Reasons Global Shipping Costs Will Continue To Rise

No short-term relief Shipping costs have been growing strongly since the autumn of 2020, but the first months of this year have seen a new surge in prices across different freight rates (dry bulk, containers) along major trade routes. Prices for several trade lanes have tripled compared to last year, and charter prices for container …

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Jun 07 2021

The Future Of Food Delivery – The Great Wing Rush

TO SEE THE FUTURE OF FOOD DELIVERY, JUST LOOK AT CHICKEN WINGS By Josh Dzieza | June 1, 2021, 10:00am EDT, The Verge.com IT WAS MARCH 2020, and restaurants across the country were shutting down, setting up takeout windows, or doing whatever they could to absorb the shock of COVID. But it was Chuck E. Cheese, of

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