Food Business News - October 23, 2012 - (Page 69)

INGREDIENTMARKETTRENDS In The Spotlight At A Glance Pecans, utilized, in-shell in thousand lbs CME Group to acquire the K.C.B.T. I will be the only remaining independent wheat futures exchange in the United States. The CME Group said it would maintain the K.C.B.T. trading floor for six months after the acquisition. The transaction was expected to close later this year pending approval by K.C.B.T. shareholders and government regulators. Whether that meant there would be pit trading of hard red winter wheat futures and Kansas City Board of Trade options in Chicago was uncertain, wheat futures volume given nearly all trading in the hard in million contracts red winter wheat contract now is done electronically. On Oct. 18, the day after the CME announcement, only seven wheat futures contracts were traded in the K.C.B.T. open outcry pit. The shift toward electronic trading has helped boost volume in Kansas City wheat futures, which reached a record 6.3 ‘02 ‘03 ‘04 ‘05 ‘06 ‘07 ‘08 ‘09 ‘10 ‘11 million contracts in 2011. Source: K.C.B.T. The CME Group also indicated it will maintain a committee made up Kansas City since 1856, five years before of current K.C.B.T. market participants the inauguration of President Abraham to advise on the hard red winter wheat Lincoln and six years before the contract’s terms and conditions for at establishment of the U.S. Department of least three years. Among the uncertainties to be Agriculture. The CME Group earlier purchased confronted will be how the cash hard the Chicago Board of Trade. When the winter wheat basis will be determined purchase of the K.C.B.T. is concluded, and whether the focus of that basis will MGEX (the Minneapolis Grain Exchange) remain Kansas City. FBN n a move with historic implications for the wheat trade in the United States, indeed the world, the CME Group last week announced an agreement under which it will purchase the Kansas City Board of Trade for $126 million in cash. Producers, grain merchants and millers have traded hard red winter wheat, the nation’s principal bread wheat, in 4.8 4.6 5.5 6.3 3.7 3.8 2.7 2.6 2.9 3.6 2012 2011 2010 2009 2008 308,600 269,700 293,740 302,020 202,080 Source: U.S. Department of Agriculture Cocoa bean grind tonnes Source: U.S. Department of Agriculture Ch Pi Cheese Pizza 145 135 125 115 Commodity Trends 105 Peanut production thousand lbs Frozen Apple Pie F 6,108,150 4,288,200 4,276,704 4,869,860 5,162,400 4,156,840 4,144,150 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Source: U.S. Department of Agriculture October 23, 2012 NEWS 69 FOODBUSINESS 3,265,505 3,321,040 3,464,250 3,672,250 3,658,590 3,691,650 ® 124,028 354,603 124,970 355,763 124,621 378,042 118,926 349,756 119,022 353,311 112,768 292,551 121,890 316,676 Q1 Q2 2011 Q3 Q4 Q1 Q2 2012 Q3 Europe North America Ingredient Indexes Nov. Dec. Jan. Feb.Mar. Apr. May June July Aug. Sept. Oct. 69 FOODBUSINESSAugust 14, 2012 NEWS ®

Table of Contents for the Digital Edition of Food Business News - October 23, 2012

Food Business News - October 23, 2012
Private label penetration forecast to grow in U.S.
Softer demand slows rate of Nestle sales growth
Drought’s impact becomes clearer
Table of Contents
Web Contents
Editorial - Food issues dampened before election
Culver acquisition boosts B&G third-quarter income
Foreign exchange rate cuts into McDonald’s earnings
Structural changes cut into PepsiCo sales in third quarter
Legislation proposed to track antibiotic use on farms
Dean Foods posts preliminary WhiteWave-Alpro results
California poultry processor files for Chapter 11 protection
Peapod testing virtual grocery stores in the Northeast
Shell egg prices push Cal-Maine income up sharply
ConAgra to close pork processing plant
Cereal Partners Worldwide to reduce sugar, sodium
Frozen food sales projected to remain sluggish
New food safety effort targets consumers
ConAgra Foods looks to heighten focus on nutrition addition
Cholesterol profile of U.S. adults improving
Food and beverage C.P.I. increases in September
Strong China results boost Yum! earnings
Global Greek yogurt introductions accelerate
Sunland recall reverberates throughout the industry
JBS USA has option to acquire XL Foods
Washington - F.D.A. issues guidance for food facility registration
Sports Nutrition - Broadening the appeal for sports nutrition products
Ingredient Innovations - Ushering in the next generation
Convenience Store Trends - On-the-go gourmet
Beverage Business News - Looking for a Pepsi rebound
Old Orchard debuts frozen sweet tea line
Red Bull to add fruit-flavored energy drinks
Lawsuit takes aim at New York’s 16-oz beverage rule
Coca-Cola profit climbs on volume growth
Beverage industry embraces calorie counts on vending machines
Journal report links sugary beverages to obesity
Tingyi partnership poised for flight
Beverage still tops at Pepsi...barely
Beverage Trends - An (energy) shot in the arm
New Food Products
Ingredient Market Trends - CME Group to acquire the K.C.B.T
Ingredient Markets
Supplier Innovations and News
Ad Index
Food Business in the News

Food Business News - October 23, 2012