Milling & Baking News - May 17, 2005 - (Page 1)

Theinewsweeklyiofigrain-basedifoods MAY 17, 2005 bakingbusiness.com / world-grain.com U.S.D.A. projects winter wheat production up 6% from last year WASHINGTON - The National Agricultural Statistics Service of the U.S. Department of Agriculture on May 12 projected 2005 winter wheat production at 1,590,862,000 bus, up 91,428,000 bus, or 6%, from 1,499,434,000 bus in 2004. Production would be 9% above the recent five-year average of 1,454 million bus, which included the 2002 crop of 1,137 million bus, the smallest in 32 years. Based on May 1 conditions, average winter wheat yield was projected at 45.4 bus per acre, up from 43.5 bus per acre last year and compared with the all-time high yield of 47.8 bus per acre set in 1999. Harvested area in 2005 was estimated at 35,069,000 acres, up 607,000 acres, or 2%, from 34,462,000 acres in 2004. Hard red winter wheat production was projected at 1.01 billion bus, up 18% from last year. Soft red winter wheat production was projected at 302 million bus, down 21% from 2004. And white wheat production was projected at 283 million bus, up 7%. Of the white production projection, 31.2 million bus were hard white wheat, and 251 million bus soft white. The soft red winter projection was 7.4 million bus smaller than the March 15 soft wheat millers' forecast of 309,406,000 bus. Kansas wheat production was projected at 422,400,000 bus, up 34% from the 2004 outturn of 314,500,000 bus. The recent Kansas wheat crop tour had forecast an outturn of 420 million bus. (Production details may be found on Page 14.) MBN Prince says initiatives will place Weston profits on growth track TORONTO - A raft of recent and pending new product introductions together with ongoing major cost-cutting initiatives will help bolster the baked foods business of Weston Foods U.S., Gary Prince, president, said in a May 10 conference call. The call followed the release of parent company George Weston Ltd. quarterly earnings. LATE Net income of George Weston in the first quarter ended March 26 was C$100 million ($81 million), equal to C72c (58c) per share on the common stock, down 21% from C$121 million, or C88c per share. Sales were C$6,972 million ($5,647 million), up 6.4%. Results include restructuring charges of Continued on Page 37 NEWS AFC to pay $12 per share dividend ATLANTA - AFC Enterprises Inc. late last week announced that it will pay shareholders a special dividend of $12 per share using some of the proceeds from selling its Church's Chicken brand last year. The company also said it completed refinancing its credit, now consisting of a five-year revolving facility - of which $60 million is available - and a six-year, $190 million term loan. About $54 million of the new credit Continued on Page 8 inside Expecting the Unexpected Story on Page 21 ConAgra undertakes finding successor to Rohde as c.e.o OMAHA - The formation of a search committee for a new chief executive officer of ConAgra Foods Inc. was announced May 10 by the company. Bruce Rohde, chairman and c.e.o., formally asked the ConAgra board to establish the committee, which will be headed by Steven F. Goldstone, a director and the retired chairman and c.e.o. of RJR Nabisco. "My goal here is to set the stage for purposeful succession planning," said Mr. Rohde, who is 56. No specific timetable was offered by ConAgra. Mr. Rohde has been c.e.o. of ConAgra since September 1997 and chairman since September 1998. During his tenure, the company was restructured from 90 independent operating companies into three Continued on Page 17 THIS WEEK Equity group acquires Vermont Bread 10 New chief executive named at Lance 16 Ingredient Bimbo results improve in quarter 35 Week sponsored by 38 http://www.bakingbusiness.com http://www.world-grain.com

Table of Contents for the Digital Edition of Milling & Baking News - May 17, 2005

Contents

Milling & Baking News - May 17, 2005

http://www.nxtbook.com/sosland/mbn/2020_02_11
http://www.nxtbook.com/sosland/mbn/2020_01_28
http://www.nxtbook.com/sosland/mbn/2020_01_14
http://www.nxtbook.com/sosland/mbn/2019_12_31
http://www.nxtbook.com/sosland/mbn/2019_12_17
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http://www.nxtbook.com/sosland/mbn/2019_07_30
http://www.nxtbook.com/sosland/mbn/2019_07_16
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http://digitalmbn.bakingbusiness.com/sosland/mbn/2019_03_12
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http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_06_19
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_06_05
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_05_22
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_05_08
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_04_24
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_04_10
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_03_27
http://www.nxtbook.com/sosland/mbn/2018_03_13
http://www.nxtbook.com/sosland/mbn/2018_02_27
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http://www.nxtbook.com/sosland/mbn/2018_01_16
http://www.nxtbook.com/sosland/mbn/2018_01_02
http://www.nxtbook.com/sosland/mbn/2017_12_19
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http://www.nxtbook.com/sosland/mbn/2017_01_31
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http://www.nxtbook.com/sosland/mbn/2017_01_03
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http://www.nxtbook.com/sosland/mbn/2016_03_01
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http://www.nxtbook.com/sosland/mbn/2015_12_22
http://www.nxtbook.com/sosland/mbn/2015_12_08
http://www.nxtbook.com/sosland/mbn/2015_11_24
http://www.nxtbook.com/sosland/mbn/2015_11_10
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http://www.nxtbook.com/sosland/mbn/2015_10_13
http://www.nxtbook.com/sosland/mbn/2015_09_29
http://www.nxtbook.com/sosland/mbn/2015_09_15
http://www.nxtbook.com/sosland/mbn/2015_09_01
http://www.nxtbook.com/sosland/mbn/2015_08_18
http://www.nxtbook.com/sosland/mbn/2015_08_04
http://www.nxtbook.com/sosland/mbn/2015_07_21
http://www.nxtbook.com/sosland/mbn/2015_07_07
http://www.nxtbook.com/sosland/mbn/2015_06_23
http://www.nxtbook.com/sosland/mbn/2015_06_09
http://www.nxtbook.com/sosland/mbn/2015_05_26
http://www.nxtbook.com/sosland/mbn/2015_05_12
http://www.nxtbook.com/sosland/mbn/2015_04_28
http://www.nxtbook.com/sosland/mbn/2015_04_014
http://www.nxtbook.com/sosland/mbn/2015_03_31
http://www.nxtbook.com/sosland/mbn/2015_03_17
http://www.nxtbook.com/sosland/mbn/mbn/2015_03__03
http://www.nxtbook.com/sosland/mbn/2015_02_17
http://www.nxtbook.com/sosland/mbn/2015_02_03
http://www.nxtbook.com/sosland/mbn/2015_01_20
http://www.nxtbook.com/sosland/mbn/2015_01_06
http://www.nxtbook.com/sosland/mbn/2014_12_23
http://www.nxtbook.com/sosland/mbn/2014_12_09
http://www.nxtbook.com/sosland/mbn/mbn_2014_11_25
http://www.nxtbook.com/sosland/mbn/2014_11_11
http://www.nxtbook.com/sosland/mbn/2014_10_28
http://www.nxtbook.com/sosland/mbn/2014_10_14
http://www.nxtbook.com/sosland/mbn/2014_09_30
http://www.nxtbook.com/sosland/mbn/2014_09_16
http://www.nxtbook.com/sosland/mbn/2014_09_02
http://www.nxtbook.com/sosland/mbn/214_08_19
http://www.nxtbook.com/sosland/mbn/2014_08_01
http://www.nxtbook.com/sosland/mbn/2014_07_22
http://www.nxtbook.com/sosland/mbn/2014_07_08
http://www.nxtbook.com/sosland/mbn/2014_06_24
http://www.nxtbook.com/sosland/mbn/2014_06_10
http://www.nxtbook.com/sosland/mbn/2014_05_27
http://www.nxtbook.com/sosland/mbn/2014_05_13
http://www.nxtbook.com/sosland/mbn/2014_04_29
http://www.nxtbook.com/sosland/mbn/2014_04_15
http://www.nxtbook.com/sosland/mbn/2014_04_01
http://www.nxtbook.com/sosland/mbn/2014_03_18
http://www.nxtbook.com/sosland/mbn/2014_03_04
http://www.nxtbook.com/sosland/mbn/2014_02_18
http://www.nxtbook.com/sosland/mbn/2014_02_04
http://www.nxtbook.com/sosland/mbn/2014_01_21
http://www.nxtbook.com/sosland/mbn/2014_01_07
http://www.nxtbook.com/sosland/mbn/2013_12_24
http://www.nxtbook.com/sosland/mbn/2013_12_10
http://www.nxtbook.com/sosland/mbn/2013_11_26
http://www.nxtbook.com/sosland/mbn/2013_11_12
http://www.nxtbook.com/sosland/mbn/2013_10_29
http://www.nxtbook.com/sosland/mbn/2013_10_15
http://www.nxtbook.com/sosland/mbn/2013_10_01
http://www.nxtbook.com/sosland/mbn/2013_09_17
http://www.nxtbook.com/sosland/mbn/2013_09_03
http://www.nxtbook.com/sosland/mbn/2013_08_20
http://www.nxtbook.com/sosland/mbn/2013_08-06
http://www.nxtbook.com/sosland/mbn/2013_07_23
http://www.nxtbook.com/sosland/mbn/2013_07_09
http://www.nxtbook.com/sosland/mbn/2013_06_25
http://www.nxtbook.com/sosland/mbn/2013_06_11
http://www.nxtbook.com/sosland/mbn/2013_05_28
http://www.nxtbook.com/sosland/mbn/2013_05_14
http://www.nxtbook.com/sosland/mbn/2013_04_30
http://www.nxtbook.com/sosland/mbn/2013_04_16
http://www.nxtbook.com/sosland/mbn/2013_04_02
http://www.nxtbook.com/sosland/mbn/2013_03_19
http://www.nxtbook.com/sosland/mbn/2013_03_05
http://www.nxtbook.com/sosland/mbn/2013_02_19
http://www.nxtbook.com/sosland/mbn/2013_02_05
http://www.nxtbook.com/sosland/mbn/2013_01_22
http://www.nxtbook.com/sosland/mbn/2013_01_08
http://www.nxtbook.com/sosland/mbn/2012_12_25
http://www.nxtbook.com/sosland/mbn/2012_12_11
http://www.nxtbook.com/sosland/mbn/2012_11_27
http://www.nxtbook.com/sosland/mbn/2012_11_13
http://www.nxtbook.com/sosland/mbn/2012_10_30
http://www.nxtbook.com/sosland/mbn/2012_10_16
http://www.nxtbook.com/sosland/mbn/2012_10_02
http://www.nxtbook.com/sosland/mbn/2012_09_18
http://www.nxtbook.com/sosland/mbn/2012_09_04
http://www.nxtbook.com/sosland/mbn/2012_08_21
http://www.nxtbook.com/sosland/mbn/2012_08_07
http://www.nxtbook.com/sosland/mbn/2012_07_24
http://www.nxtbook.com/sosland/mbn/2012_07_10
http://www.nxtbook.com/sosland/mbn/2012_06_26
http://www.nxtbook.com/sosland/mbn/2012_06_12
http://www.nxtbook.com/sosland/mbn/2012_05_29
http://www.nxtbook.com/sosland/mbn/2012_05_15
http://www.nxtbook.com/sosland/mbn/2012_05_01
http://www.nxtbook.com/sosland/mbn/2012_04_17
http://www.nxtbook.com/sosland/mbn/2012_04_03
http://www.nxtbook.com/sosland/mbn/2012_03_20
http://www.nxtbook.com/sosland/mbn/2012_03_06
http://www.nxtbook.com/sosland/mbn/2012_02_21
http://www.nxtbook.com/sosland/mbn/2012_02_07
http://www.nxtbook.com/sosland/mbn/2012_01_24
http://www.nxtbook.com/sosland/mbn/2012_01_10
http://www.nxtbook.com/sosland/mbn/2011_12_27
http://www.nxtbook.com/sosland/mbn/2011_12_13
http://www.nxtbook.com/sosland/mbn/2011_11_29
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http://www.nxtbook.com/sosland/mbn/2011_10_18
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http://www.nxtbook.com/sosland/mbn/2011_09_20
http://www.nxtbook.com/sosland/mbn/2011_09_06
http://www.nxtbook.com/sosland/mbn/2011_08_23
http://www.nxtbook.com/sosland/mbn/2011_08_09
http://www.nxtbook.com/sosland/mbn/2011_07_26
http://www.nxtbook.com/sosland/mbn/2011_07_12
http://www.nxtbook.com/sosland/mbn/2011_06_28
http://www.nxtbook.com/sosland/mbn/2011_06_14
http://www.nxtbook.com/sosland/mbn/2011_05_31
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http://www.nxtbook.com/sosland/mbn/2010_12_28
http://www.nxtbook.com/sosland/mbn/2010_12_14
http://www.nxtbook.com/sosland/mbn/2010_11_30
http://www.nxtbook.com/sosland/mbn/2010_11_16
http://www.nxtbook.com/sosland/mbn/2010_11_02
http://www.nxtbook.com/sosland/mbn/2010_10_19
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http://www.nxtbook.com/sosland/mbn/2009_02_10
http://www.nxtbook.com/sosland/mbn/2009_01_27
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http://www.nxtbook.com/sosland/mbn/2008_12_30
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