Milling & Baking News Corporate Profiles - November 2013 - (Page 42)

Meat and Poultry prices reached $5.39 per lb, and all-fresh beef reached $4.97. Despite the price-dampening pressure from competing meats, generally declining year-over-year beef supplies will result in retail beef prices that are likely to remain near current levels for some time." As production declines and prices rise, per capita beef consumption continues to fall. Per capita consumption in 2014 was projected by the U.S.D.A. at 54 lbs (retail weight), down 4.8% from 2013, which was forecast down 1.2% from 2012. Per capita pork and broiler consumption were forecast to increase both years. Data from the U.S.D.A. show continued evidence that the 2012 drought led to historic reductions in cattle and calf herds and the number of cows and heifers that calved. The result has been the smallest herds and smallest rates of calving in many decades. Other factors also have contributed to the herd decline or will affect the beef supply. An early blizzard in the Upper Midwest resulted in the deaths of as many as 100,000 cattle and may add a few cents a cwt to cattle in the region in 2014, but the overall impact is expected to be minimal because the death loss was LEADING REFRIGERATED bacon vendors 1 2 3 4 5 6 7 8 9 Kraft Foods Inc. Hormel Foods L.L.C. Wright Brand Foods, Inc. Farmland Foods, Inc. Smithfield Packing Co. Gwaltney of Smithfield Ltd. Bar-S Foods John Morrell & Co. Tyson Foods, Inc. Private label Total Dollar sales $726,507,500 $454,911,000 $296,643,100 $195,938,100 $158,065,500 $136,758,000 $97,937,200 $90,818,010 $80,140,950 $790,696,200 $3,785,910,000 % change from year ago -5.1% 4.6% 22.7% 11.1% 13.7% 1.1% 1.5% 0.5% 4.5% 7.4% 4.6% Data for 52 weeks ended Sept. 8, 2013 Total U.S. - Multi-outlet with C-Store (Supermarkets, Drugstores and Mass Market Retailers, Gas/C-Stores, Military Commissaries and Select Club & Dollar Retail Chains) Source: Information Resources, Inc. SALT. Some Thought for Food. Satisfy consumers' taste while helping them meet the latest sodium guidelines with innovative solutions from Cargill. The 2010 Dietary Guidelines for Americans recommend limiting sodium intake to less than 2,300mg a day, or 1,500mg for specific population groups. 95% of American men exceed the recommended daily upper intake of sodium 75% of American women exceed the recommended daily upper intake of sodium Over 95% of men and over 75% of women in the U.S. exceed the recommended daily tolerable upper intake of sodium.1 1 2 3 "Dietary Reference Intakes: Water, Potassium, Sodium, Chloride and Sulfate", Institute of Medicine, www.iom.edu "What We Eat in America", US Department of Agriculture, www.usda.gov "2010 Dietary Guidelines for Americans", US Department of Agriculture, www.usda.gov 42 \ November 2013 Milling & Baking News * Food Business News * Baking & Snack * Meat & Poultry Corporate Profiles http://www.iom.edu http://www.usda.gov http://www.usda.gov

Table of Contents for the Digital Edition of Milling & Baking News Corporate Profiles - November 2013

Milling & Baking News Corporate Profiles - November 2013