President of Hornbacher's says grocery prices are stabilizing

(Fargo, ND) -- Despite soaring gas prices and issues with supply chains and the workforce, things are holding steady for one Red River Valley grocery chain. 

"i would say cautiously stable would be the best description. It feels like things are starting to stabilize a little bit but there is still a lot of outside pressure that continues to have through manufacturers whether that is sourcing of products or packaging," Matt Leiseth, President of Hornbacher's. 

Leiseth appeared on AM 1100 the Flag's Need to Know Morning Show to give an update on the grocery industry. He used the word "stabilizing" when asked about prices on items including dairy, produce and meats.  Regarding skim milk, for example, Lieseth said it's selling for $3.89 a gallon.  Regarding current beef prices, the head of the company said customers should now be seeing "a little relief".