Food Business News - August 28, 2012 - (Page 1)

FOODBUSINESS NEWS NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY August 28, 2012 ® Showdown looms over renewable fuel mandate T he U.S. Environmental Protection Agency on Aug. 20 submitted to the Federal Register a notice for publication that opens a 30-day public comment period on requests from Arkansas Governor Mike Beebe and North Carolina Governor Beverly Perdue that the agency waive the Renewable Fuel Standard requirements at least for 2012 and 2013. The governors charged the renewable fuel mandate under the R.F.S., which requires the manufacture of 15.2 billion gallons of biofuels in 2012, was largely responsible for a surge in feed grain prices that was damaging the livestock industries and general economies of their states. Continued on Page 26 Story on Page 16 INSIDE Beve Beverage ingredient innov innovation options dding vitamins, minerals and other nutrients to beverages is nothing new, but when today’s consumers read the label on a beverage, what they find or don’t find may determine whether the product reaches the shopping basket or is placed back on the shelf. “Regardless of the beverage category, you are seeing efforts to reposition Continued on Page 45 A Animal protein suppliers take the brunt of soaring grain prices L ivestock feeders and poultry producers have and will continue to take the brunt of record high corn, soybean meal and other ingredient prices, which combined, mean record high feed prices. And ultimately, what consumers are willing to pay at the meat counter may be tested with meat prices already at or near record levels. “Next year, per capita consumption of red meat and poultry is expected to drop below 200 lbs per capita for the first time since 1990,” the U.S. Department of Agriculture said in its August Livestock, Dairy and Poultry Outlook. Total red meat and poultry consumption was forecast at 197.7 lbs in 2013, down 5 lbs, or 2%, from 2012, and down 11.2 lbs, or 5%, from 208.9 lbs in 2010. U.S.D.A. per capita consumption estimates and forecasts are arrived at mathematically using production and population data, without consideration for consumer reaction to price levels. The potential effects of the drought on livestock and meat production outlined in the U.S.D.A. Outlook were eye opening: • “Drought-motivated increases in cow slaughter and feeder cattle movements have adversely affected all cattle and beef prices and plans to increase the national cow herd.” • “High feed costs ... are expected to reduce U.S. pork production in 2013.” • “With sharply higher prices expected Continued on Page 24

Table of Contents for the Digital Edition of Food Business News - August 28, 2012

Food Business News - August 28, 2012
Showdown looms over renewable fuel mandate
Animal protein suppliers take the brunt of soaring grain prices
Beverage Business News - Beverage ingredient innovation options
Table of Contents
Web Contents
Editorial - Different ways of explaining price swings
Hain Celestial income up 44% in year on acquisitions
Hain expanding in U.K. through acquisition
Food recalls rise in the second quarter
Brynwood Partners to acquire stake in Kraft’s Back to Nature brand
McCormick to acquire Chinese bouillon manufacturer
ConAgra buys Unilever frozen meal businesses
Rachel Cullen to lead Ruiz Foods
Debra Crew to president, PepsiCo Americas Beverages
Pinnacle Foods Finance consolidating R.&D. efforts
Prevalence of adult obesity remained high in 2011
Cholesterol levels in youths decline
Boston Market commits to sodium reduction
Frito-Lay adds to gluten-free initiative
Strong Spam, Jennie-O sales lift Hormel profit in quarter
Nutrition standards forcing schools to get creative
General Mills cites gain in nutrition profile
Brett Begemann to president of Monsanto
New global food paradigm
Food and beverage C.P.I. flat in July
Subdued supermarket sales identified in chief executive remarks
Washington - Showdown looms over renewable fuel mandate
Court rejects petition to block E15 fuel
Ingredient Innovations - Prebiotics beyond digestion
Calorie Reduction - Bulking and binding without the sugar
Beverage Business News - Benefits of coconut water cited in study
Beverage Business News - Keurig system demand propels Green Mountain earnings
Beverage Business News - Monster Energy earnings rise 30% in quarter
Beverage Business News - Global introductions of soft drinks on the rise
Beverage Business News - Caribou Coffee, Jewel-Osco establish partnership
Beverage Business News - Hispanic consumers over index on sports drinks
New Food Products
Ingredient Market Trends - Canadian producers to harvest record canola and soybean crops
Ingredient Markets
Supplier Innovations and News
Ad Index
Food Business in the News

Food Business News - August 28, 2012