Food Business News - July 25, 2017 - 55

Tables in Ingredients Week use the following symbols:
- unchanged ... No quote

Meat and poultry

Dry edible beans
July 21

Central, f.o.b. plant, $ per cwt
Beef
Cutout value, 600-900 lbs
Ribeye, 112A, heavy
Loin strip, 180 bnls, heavy
Trimmings, 90% fresh
Trimmings, 50% fresh
Pork
Cutout value, 185 lbs
Trimmings, 72% frozen
Trimmings, 42% frozen
Ham, 20-23 lbs
Bellies, 14-16 lbs
Chicken - cents per lb, Northeast
Breast, bnls, skinless
Wings
Thighs, bnls, skinless
Trimmings, 15%-20% fat
Leg quarters, skin on
Turkey - cents per lb
Breast, 4-8 lbs, bnls, skinless
Tenders, destrapped

- Change from -
July 14
July 7

Year
ago

207.65
686.00
577.75
234.00
85.00

-1.70
+5.00
+10.75
+2.00
-11.75

-12.40
-75.75
-51.25
+1.50
-15.75

200.70
655.00
585.00
218.00
91.75

103.35
92.75
93.00
80.00
259.00

-0.62
+0.50
+26.00
-0.75
+43.00

-0.19
+0.50
+4.00
+2.75
+24.00

87.79
84.00
58.50
80.75
153.75

154.50
208.25
138.00
24.93
42.50

-8.75
+3.00
+5.75
+0.04
-2.25

-8.25
+2.00
+6.50
-0.02
-0.25

122.00
157.00
110.75
20.41
34.25

152.50
148.00

-0.50
-

-2.50
-

215.00
175.00

f.o.b. dealer prices, $ per cwt, bags
2016 crop
Pinto, Colo./Neb./Wyo.
Pinto, N.D./Minn.
Great Northern, Neb.
Navy, Michigan
Navy, N.D./Minn.
Dark red kidney, Minn.
Black, Michigan
Black, N.D./Minn.
Garbanzo, Wash./Idaho

Grain-based foods
Meat and poultry
Diversified food products
Food ingredients
Confectionery
Produce
Beverage, non-alcoholic
Retailers
Food service

Apples -2016 crop- (Delivered to processor, $ per cwt)
Washington, peelers
8@10
-
Washington, juice
2.5@3
-.5@-1
Michigan, peelers
...
...
Michigan, juice
...
...
Mid-Atlantic, peelers
...
...
Mid-Atlantic, juice
...
...
Apple Juice Concentrate ($ per gallon)
Imports - sales ex-dock
5.50@6.25
+.05@-.25
Tomato paste (31%, 300-gal bins, cents per lb)
California
39@41
-

- Change from -
July 13
July 6
+280.58
+321.44
+6.20
+163.04
+306.50
+309.75
+1.24
+359.63
+316.63
+31.15
+907.72
+1423.81
+258.68
+294.42
-440.31
-486.78
-85.93
13.59

52-week
High
Low
25802.40
22848.74
18139.49
15251.28
21263.54
18804.85
23632.78
21492.84
22694.37
18788.24
42482.03
35665.11
21772.47
18999.76
10669.06
9218.32
12322.95
9212.79

Specialty feed
$ per ton

July 25, 2017

Year
ago
39.50
38.00
39.50
37.00
38.50
...
41.00
38.50
58.00

-
-.5@-1
...
...
...
...

9@11
6@7
...
...
...
...

-.30@+.35

6.00@6.20

-

39@41

Food ingredient indexes

The FBN Grain Based Foods Share Index and its predecessor Milling and Baking indexes have been weekly features in Milling & Baking
News for decades. For Food Business News, we have created an individual index for each of the principal sectors of the packaged
foods industry. Each index is computed based on the weekly closing price from a number of publicly traded companies within the
sector. Every indexed company has a market capitalization exceeding $100 million. The baseline of 10000 points has been established
based on the market close on March 4, 2005. The Meat and Poultry index includes Sanderson Farms, Inc.; Leucadia National Corp.;
Hormel Foods; Pilgrim's Pride; and Tyson Foods, Inc. The Diversified Food Products index includes B&G Foods, Inc.; Campbell Soup
Co.; Conagra Brands; General Mills, Inc.; Hain Celestial Group; Hostess Brands Inc.; J.M. Smucker Co.; Kraft Heinz; Lamb Weston
Holdings, Inc.; Lancaster Colony Corp.; PepsiCo, Inc.; Pinnacle Foods; and TreeHouse Foods, Inc. The Food Ingredients index includes
Archer Daniels Midland Co.; Bunge; Ingredion, Inc.; McCormick & Company, Inc.; Sensient Technologies; and MGP Ingredients. The
Confectionery index includes The Hershey Co. and Tootsie Roll Industries, Inc. The Produce index includes Calavo Growers, Inc.; Fresh
Del Monte; and Seneca Foods Corp. The Beverage, non-alcoholic index includes The Coca-Cola Company, Inc.; Cott Corp.; Dr Pepper
Snapple Group; and National Beverage Corp. The Retailers index includes Kroger Co.; Supervalu; Whole Foods Market; Sprouts Farmers
Market; and Wal-Mart Stores. The Food Service index includes McDonald's Corp.; Yum! Brands, Inc.; Chipotle Mexican Grill, Inc.;
Starbucks Corp.; Sonic Corp.; Jack in the Box, Inc.; Dunkin' Brands Group; DineEquity; Restaurant Brands International; and Darden
Restaurants, Inc.

K.C. bulk midds
Soybean meal, 44%, K.C.
Soybean meal, 47½%, K.C.
Cottonseed meal, 41%, Memphis
Linseed meal, 35%, Minneapolis
Sunflower seed meal, 28%, Minneapolis
Dehydrated alfalfa, 17%, Alf. Center
Meat meal, 50%, Kansas City
Meat meal, 50%, Chicago
Corn gluten feed, 21%, Southwest
Corn gluten meal, 60%, Southwest
Corn gluten feed, 21%, Midwest truck
Hominy feed, Kansas City (Northwest)
Hominy feed, Chicago
Hominy feed, California
Hominy feed, Central Illinois
Feather meal, K.C.
Distillers' dried grain

- Change from -
July 14
July 7
-
-1@-1
+0.50@+1 0@+1
-
...
...
...
...
...
...
...
...
...
+2@+1.50 +2@+0.50
...
...

Produce

Food Business News industry sector stock indexes
July 20
close
24470.06
17090.30
20292.43
22379.32
20965.84
37143.45
21405.84
9508.89
11878.63

July 21
36.00 @ 37.00
34.00 @ 35.00
38.00
...
...
47.00
41.50 @ 42.50
38.00 @ 38.50
...

July 21
70.00
316.70
317.70
200.00
270.00
125.00
195.00
250.00
275.00
131.50
548.00
69.50
90.00
95.00
176.00
48.00
397.50
120.00

- Change from -
July 14
July 7
+5.00
+8.00
+6.00
-1.00
+6.00
-1.00
-2.50
+20.00
-15.00
-12.50
-7.50
-12.50
-
-
-
-
-
-
-
+1.50
-
+3.00
-0.50
+0.50
-
-
-
-
-
-
-
-
+2.50
+2.50
+5.00
-

Year
ago
55.00
338.70
341.70
280.00
357.50
150.00
222.50
360.00
350.00
155.00
625.00
87.50
90.00
95.00
178.00
50.00
432.50
148.00

Vanilla ice cream
Milk chocolate bar
Mayonnaise
Pork sausage
Cheese pizza
Frozen apple pie

July 21
139.1
127.5
99.4
147.4
112.4
160.4

- Change from -
July 14
July 7
+1.5
+3.7
-
+1.7
+1.4
+1.9
-7.2
-12.8
+1.4
+0.8
+0.3
-0.8

Year
ago
125.6
133.8
89.8
134.3
109.4
171.7

Indexes are based on ingredient costs using stardard industry formulas. The baseline of 100
points was established at the market close on March 4, 2005.

Bakery ingredient indexes
Bagel
Cake donut
Devil's food cake
Pasta
Saltine cracker
Shortbread cookie
White pan bread

July 21
237.9
142.6
126.3
298.9
153.5
142.2
179.4

- Change from -
July 14
July 7
+0.7
-3.9
-0.1
-1.4
-
-0.2
+15.7
+39.4
-2.2
-6.4
-0.2
-1.0
-2.6
-18.1

Year
ago
166.9
131.2
126.5
212.4
135.4
127.0
147.8

Indexes are based on ingredient costs using stardard industry formulas. The baseline of 100
points was established at the market close on May 31, 1991.

Energy
Diesel fuel
Retail, on-highway, $ per gallon
East coast
Midwest
Gulf coast
Rocky Mountain
West coast
U.S. average
Natural gas
Spot prices, $ per million BTU's
Henry hub
New York
Chicago
California average
Crude oil
Spot prices, $ per barrel
West Texas Intermediate
C.B.O.T. ethanol
Nearby contract, $ per gallon

- Change from -
July 14
July 7

Year
ago

2.532
2.438
2.324
2.587
2.771
2.491

+0.009
+0.017
+0.013
+0.003
-
+0.010

+0.010
+0.035
+0.017
+0.002
+0.012
+0.019

2.411
2.369
2.262
2.435
2.686
2.402

3.10
3.23
3.01
2.98

+0.12
+0.18
+0.15
-0.01

+0.20
+1.00
+0.25
+0.07

2.72
2.21
2.72
2.82

46.02

+1.62

-

+0.026

+0.027

July 21

1.538

45.23
1.451

Energy Information Administration

Food Business News

55



Table of Contents for the Digital Edition of Food Business News - July 25, 2017

BUSINESS -- E-commerce: Laying the foundation for a digital future
CONTENTS
WEB CONTENTS
FROM THE EDITOR -- IFT17 highlights worrying industry cross currents
NEWS -- McCormick to acquire Reckitt Benckiser’s food business
NEWS -- Ramon Laguarta promoted to president at PepsiCo
NEWS -- Diester to succeed at helm of Russell Stover Chocolates
NEWS -- Transformation accelerating for Conagra Brands
NEWS -- Subway testing refreshed design, gluten-free bread
NEWS -- PepsiCo preparing for change and redefi ning growth
NEWS -- Kroger suing Lidl for trademark infringement
NEWS -- Campbell Soup to acquire organic soup maker
MARKET INSIGHT -- Crop conditions continue to drive grain, oilseed prices
WASHINGTON -- Trump administration outlines objectives for NAFTA renegotiation
INGREDIENT TRENDS -- Slaughter-free meat?
INGREDIENT INNOVATIONS -- Spirulina may simplify quest for naturally sourced colors
BEVERAGE BUSINESS NEWS -- Meal in a bottle
NEW FOOD PRODUCTS -- Maxwell House launches MAX line
NEW FOOD PRODUCTS -- Chobani charges into classic yogurt category
NEW FOOD PRODUCTS -- GU Energy Labs off ers toasted marshmallow energy gel
NEW FOOD PRODUCTS -- Trio of new fl avors join Enjoy Life’s chewy bars line
NEW FOOD PRODUCTS -- Unilever unveils vegan, organic I Can’t Believe It’s Not Butter! products
NEW FOOD PRODUCTS -- Zoup! introduces chicken broth for retail
NEW FOOD PRODUCTS -- Dry Sparkling introduces watermelon variety
NEW FOOD PRODUCTS -- Thomas’ Swirl Bread adds blueberry pancake fl avor
NEW FOOD PRODUCTS -- Dunkin’ Donuts fl avor debuts from Oreo
NEW FOOD PRODUCTS -- Hostess pairs peanut butter and chocolate in new Twinkies variety
INGREDIENT MARKET TRENDS -- Trudeau addresses U.S. governors on importance of NAFTA
INGREDIENT MARKETS
SUPPLIER INNOVATIONS -- Lesaff re’s organic nutritional yeast now certifi ed gluten-free
SUPPLIER INNOVATIONS -- Blue California commercializes Gamma-Decalactone
SUPPLIER INNOVATIONS -- Prova launches line of allergen-free nut fl avors
SUPPLIER INNOVATIONS -- PureCircle introduces stevia antioxidant product for food, beverages
SUPPLIER INNOVATIONS -- Agropur restructures ingredients business
SUPPLIER INNOVATIONS -- Prinova to acquire Lycored’s U.K., China premix operations
CLASSIFIEDS
MARKETPLACE
AD INDEX
FOOD BUSINESS IN THE NEWS
FROM THE ARCHIVE - A DECADE OF INSIGHT
Food Business News - July 25, 2017 - BUSINESS -- E-commerce: Laying the foundation for a digital future
Food Business News - July 25, 2017 - 2
Food Business News - July 25, 2017 - 3
Food Business News - July 25, 2017 - CONTENTS
Food Business News - July 25, 2017 - 5
Food Business News - July 25, 2017 - WEB CONTENTS
Food Business News - July 25, 2017 - 7
Food Business News - July 25, 2017 - 8
Food Business News - July 25, 2017 - FROM THE EDITOR -- IFT17 highlights worrying industry cross currents
Food Business News - July 25, 2017 - NEWS -- McCormick to acquire Reckitt Benckiser’s food business
Food Business News - July 25, 2017 - 11
Food Business News - July 25, 2017 - 12
Food Business News - July 25, 2017 - 13
Food Business News - July 25, 2017 - 14
Food Business News - July 25, 2017 - 15
Food Business News - July 25, 2017 - NEWS -- Diester to succeed at helm of Russell Stover Chocolates
Food Business News - July 25, 2017 - 17
Food Business News - July 25, 2017 - NEWS -- Transformation accelerating for Conagra Brands
Food Business News - July 25, 2017 - 19
Food Business News - July 25, 2017 - NEWS -- Subway testing refreshed design, gluten-free bread
Food Business News - July 25, 2017 - 21
Food Business News - July 25, 2017 - NEWS -- PepsiCo preparing for change and redefi ning growth
Food Business News - July 25, 2017 - 23
Food Business News - July 25, 2017 - 24
Food Business News - July 25, 2017 - NEWS -- Kroger suing Lidl for trademark infringement
Food Business News - July 25, 2017 - NEWS -- Campbell Soup to acquire organic soup maker
Food Business News - July 25, 2017 - MARKET INSIGHT -- Crop conditions continue to drive grain, oilseed prices
Food Business News - July 25, 2017 - WASHINGTON -- Trump administration outlines objectives for NAFTA renegotiation
Food Business News - July 25, 2017 - 29
Food Business News - July 25, 2017 - INGREDIENT TRENDS -- Slaughter-free meat?
Food Business News - July 25, 2017 - 31
Food Business News - July 25, 2017 - 32
Food Business News - July 25, 2017 - 33
Food Business News - July 25, 2017 - INGREDIENT INNOVATIONS -- Spirulina may simplify quest for naturally sourced colors
Food Business News - July 25, 2017 - 35
Food Business News - July 25, 2017 - 36
Food Business News - July 25, 2017 - 37
Food Business News - July 25, 2017 - BEVERAGE BUSINESS NEWS -- Meal in a bottle
Food Business News - July 25, 2017 - 39
Food Business News - July 25, 2017 - 40
Food Business News - July 25, 2017 - 41
Food Business News - July 25, 2017 - NEW FOOD PRODUCTS -- Trio of new fl avors join Enjoy Life’s chewy bars line
Food Business News - July 25, 2017 - NEW FOOD PRODUCTS -- Zoup! introduces chicken broth for retail
Food Business News - July 25, 2017 - NEW FOOD PRODUCTS -- Hostess pairs peanut butter and chocolate in new Twinkies variety
Food Business News - July 25, 2017 - INGREDIENT MARKET TRENDS -- Trudeau addresses U.S. governors on importance of NAFTA
Food Business News - July 25, 2017 - INGREDIENT MARKETS
Food Business News - July 25, 2017 - 47
Food Business News - July 25, 2017 - 48
Food Business News - July 25, 2017 - 49
Food Business News - July 25, 2017 - 50
Food Business News - July 25, 2017 - 51
Food Business News - July 25, 2017 - 52
Food Business News - July 25, 2017 - 53
Food Business News - July 25, 2017 - 54
Food Business News - July 25, 2017 - 55
Food Business News - July 25, 2017 - SUPPLIER INNOVATIONS -- Prova launches line of allergen-free nut fl avors
Food Business News - July 25, 2017 - SUPPLIER INNOVATIONS -- Prinova to acquire Lycored’s U.K., China premix operations
Food Business News - July 25, 2017 - CLASSIFIEDS
Food Business News - July 25, 2017 - MARKETPLACE
Food Business News - July 25, 2017 - 60
Food Business News - July 25, 2017 - AD INDEX
Food Business News - July 25, 2017 - FROM THE ARCHIVE - A DECADE OF INSIGHT
Food Business News - July 25, 2017 - 63
Food Business News - July 25, 2017 - 64
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