Milling & Baking News Corporate Profiles - November 2013 - (Page 50)

Dairy for all milk in 2013 to average $19.80 a cwt (midpoint of $19.70@19.90 forecast) up 7% from $18.53 paid in 2012. The average price in 2014 was projected at $19.85 (midpoint of $19.35@20.35 projection), about even with 2013. Forecasts for both years were raised from the department's August projections based on higher forecast prices for nonfat dry milk, butter and cheese for 2013 and 2014. Forecasts were raised from August because of strong export demand and tightening supplies, the U.S.D.A. said. The U.S.D.A. forecast nonfat dry milk prices to average $1.68½ a lb in 2013, well above the $1.33 average in 2012 but slightly below $1.71 projected for 2014. Dry whey prices were forecast at 59½c a lb in 2013, little changed from 2012 and slightly below 60c projected for next year. Cheese prices were forecast at $1.76½ a lb in 2013, up from $1.71 in 2012, but were projected to decline to $1.72 in 2014. Butter prices were forecast to average $1.52 a lb in 2013, down from $1.59 in 2012, and were projected to firm slightly to $1.53½ in 2014. Continued firm prices for milk and other products will keep pressure on dairy processors, who have seen mixed results in the past year, although continued low prices for sugar and cocoa, as well as for some fruits, should benefit processors using those ingredients in the manufacture of chocolate milk, yogurt, ice cream and other flavored products. The nation's largest dairy processor, Dallas-based Dean Foods, has undergone a monumental shift that includes LEADING FROZEN LEADING FROZEN novelties vendors 1 2 3 4 5 6 7 8 9 Dollar sales Nestle Dreyer's Ice Cream Co. $1,153,441,000 Good Humor/Breyers $832,390,500 Wells Enterprises, Inc. $461,474,100 Mars, Inc. $255,437,300 Blue Bell Creameries, Inc. $152,143,700 Unilever Bestfoods North America $140,547,300 F'real Foods L.L.C. $86,161,880 J&J Snack Foods Corp. $67,652,690 Ziegenfelder Ice Cream Co. $51,468,850 Private label $463,241,000 Total $4,209,478,000 shedding two of its three major business units to focus on the challenging fresh dairy segment. Sales in 2012 were down 2% from 2011. Paris-based Danone S.A., which owns The Dannon Co. in the United States, meanwhile, enjoyed strong sales in the United States in 2012, even though global sales in its fresh dairy segment were down slightly from the prior year. Global sales for Danone in 2012 were up about 5% from 2011, with similar growth expected in 2013. CP novelties brands % change from year ago -5.0% -7.6% -1.7% -3.5% 9.1% 3.3% 6.6% -8.4% 5.4% -1.7% -2.5% 1 2 3 4 5 6 7 8 9 Nestle Drumstick The Skinny Cow Wells Dairy Weight Watchers Klondike Häagen-Dazs Snickers Blue Bell Dreyer's Edy's Popsicle Private label Total Dollar sales $306,485,700 $198,248,300 $188,494,300 $173,946,100 $153,117,600 $145,987,100 $139,995,400 $136,150,200 $132,417,400 $463,241,100 $4,209,478,000 % change from year ago 5.4% -15.0% -11.1% -3.9% -0.5% -3.6% 9.0% -40.5% 3.4% -1.7% -2.5% 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. 50 \ November 2013 Milling & Baking News * Food Business News * Baking & Snack * Meat & Poultry Corporate Profiles

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

Milling & Baking News Corporate Profiles - November 2013