Milling & Baking News - January 21, 2014 - 4

Contents 

January 21, 2014 Vol. 92, No. 24

 STOCK MARKET ANALYSIS

 NEWS Comment

Story on Page 1

Analysts offer dose
of reality after 2013
food share gains

9

Shifts in consumption
trends point to new
foods, technologies

Chipotle entering pizza
with fast casual concept

The burrito chain enters a partnership to
develop a restaurant concept that combines
Chipotle's operational style with Neapolitanstyle pizza.

10

Critical dryness
expanding in
southern Argentina
Story on Page 30

7
9
12, 18
14
16
20
28
30
32
34
34
45
50

Herbicide-tolerant wheat enters an "early
development" phase. A Monsanto executive
says a product launch is "several years away."

11

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DEPARTMENTS
Editorial
Business
Data
Financial Results
Industry Activities
Merchandising
Washington
Weather Outlook
People
International
Ingredient Week Trends
Supplier Innovations
Archive

Monsanto making progress
with bioengineered wheat

Progress cited in cutting
calories that reach marketplace

The Robert Wood Johnson Foundation finds
consumer packaged goods companies have cut
6.4 trillion calories from the U.S. marketplace.

14

Cargill earnings rise as
crop conditions improve

Second-quarter earnings jump 36%. Increased
U.S. corn supplies lift demand for ethanol, and
new crop supplies ease high feeding costs.

16

Nutrition expert endorses
grains at Guidelines meeting

Joanne Slavin, a University of Minnesota
professor, endorses the folic acid in enriched
grains at a Dietary Guidelines Advisory
Committee meeting.

The long-lasting tug of war between food
service and eating at home stands as one of
the most important dynamics in the grainbased foods industry. While the steady share
gains of away-from-home eating came to
a halt with the 2008 recession, many signs
suggest renewed growth by significant parts
of the restaurant business.
Several important stories related to both
sides of this equation may be found in the
current issue of Milling & Baking News.
Wall Street analysts, in the annual stock
market outlook feature, said food sales
volume trends in 2013 failed to achieve the
anticipated rebound and suggested that
the listlessness was likely to continue into
the new year. The analysts emphasize the
serious degree to which this development
affects prospects for corporate earnings
growth. Meanwhile, leading food service
operators announced initiatives pointing to
great optimism about prospects in several
popular grain-based foods categories.
Chipotle is experimenting with pizza while
Krispy Kreme Doughnuts is gearing up for
accelerated growth in the United States
after a lengthy period in which international
expansion was emphasized.
Well positioned grain-based foods
companies should be able to capitalize on
these shifts. Their very existence promises
significant changes in both ingredient and
production technologies while preserving
a central place for flour- and other grainbased foods in the American diet. MBN

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COMPANIES IN THIS ISSUE
AB Mauri North America............. 33
Archer Daniels Midland Co. .. 25, 45
B.C. Williams Bakery Service.......... 8
Bimbo Bakeries USA ............. 20, 24
Bunge Ltd. ........................... 25, 32
Cargill .................................. 14, 25
Chipotle Mexican Grill, Inc. ........... 9
CHS, Inc. .................................... 14
Comax Flavors ........................... 45

Corbion...................................... 33
Flowers Foods, Inc. ............... 10, 23
General Mills, Inc........................ 25
Grupo Bimbo S.A.B. de C.V. ........ 24
Harpak-ULMA Packaging............ 32
Hela Spice Canada, Inc. .............. 45
Hershey Co................................. 24
H.J. Heinz Co. ............................. 22
Hostess Brands, Inc..................... 23

4 / January 21, 2014 Milling & Baking News

J.M. Smucker Co. ........................ 25
J.R. Short Milling Co. .................. 32
Kellogg Co. ................................ 25
Kraft Foods Group, Inc. ............... 26
Krispy Kreme Doughnuts, Inc. ....... 9
Lundberg Family Farms ............... 33
Mondelez International, Inc. ....... 26
Monsanto Co. ............................ 10
Muffin Town............................... 32

Nestle USA................................. 11
Nextra........................................ 45
Pepperidge Farm, Inc. ................. 24
Philadelphia Macaroni Co. ............ 1
Pizza Hut ................................... 20
RiceBran Technologies ................ 45
Sethness Products Co. ................ 45
Unilever P.L.C. .............................. 1
Viterra Inc. ................................... 8

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Milling & Baking News - January 21, 2014

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