Food Business News - December 18, 2012 - 53

Market commentary for two-week period ended December 14, 2012 — unchanged ... No quote

Tables in Ingredients Week use the following symbols:

Food Business News industry sector stock indexes
Dec. 13 close Grain-based foods 13965.45 Meat and poultry 8184.36 Diversiﬁed food products 12873.41 Food ingredients 13970.64 Confectionery 15889.43 Produce 10563.42 Beverage, non-alcoholic 16497.56 Retailers 6669.89 — Change from — Dec. 7 Nov. 30 +43.33 +182.86 +77.78 +273.71 +72.42 +15.55 +119.86 +71.19 +321.56 +217.85 +289.66 +396.57 +62.67 -170.24 -117.54 +101.47 52-week High 13965.45 8979.90 12873.41 14528.63 15889.43 12051.87 18590.54 7055.58 Low 11814.16 6878.64 10781.63 1391.15 12863.47 8386.65 15626.82 5523.55

Food ingredient indexes
Vanilla ice cream Milk chocolate bar Mayonnaise Pork sausage Cheese pizza Frozen apple pie Dec. 14 124.0 164.6 116.9 133.1 113.1 210.5 — Change from — Dec. 7 Nov. 30 +0.2 -1.0 -3.8 -7.1 -4.4 -2.4 +8.1 +8.1 -2.2 -4.6 -14.6 -15.0 Year ago 129.2 203.1 120.0 147.7 110.2 224.2

Indexes are based on ingredient costs using stardard industry formulas. The baseline of 100 points was established at the market close on March 4, 2005.

The FBN Grain Based Foods Share Index and its predecessor Milling and Baking indexes have been weekly features in Milling & Baking News for decades. For Food Business News, we have created an individual index for each of the principal sectors of the packaged foods industry. Each index is computed based on the weekly closing price from a number of publicly traded companies within the sector. Every indexed company has a market capitalization exceeding $100 million. The baseline of 10000 points has been established based on the market close on March 4, 2005. The Meat and Poultry index includes Sanderson Farms, Inc.; Hormel Foods; Tyson Foods, Inc.; and Smithﬁeld Foods, Inc. The Diversiﬁed Food Products index includes Campbell Soup Co.; ConAgra Foods, Inc.; General Mills, Inc.; Hain Celestial Group; HJ Heinz Co.; J.M. Smucker Co.; Kraft Foods Inc.; PepsiCo, Inc.; and Ralcorp Holdings. The Food Ingredients Index includes Archer Daniels Midland Co.; Bunge; Ingredion; M&F Worldwide Corp.; McCormick & Company, Inc.; and MGP Ingredients. The Confectionery index includes The Hershey Co. and Tootsie Roll Industries, Inc. The Produce index includes Calavo Growers, Inc.; Chiquita Brands International; and Seneca Foods Corp. The Beverage, non-alcoholic index includes The Coca-Cola Company, Inc.; Cott Corp.; Dr Pepper Snapple Group; Green Mountain Coffee Roasters; and National Beverage Corp. The Retailers index includes Kroger Co.; Safeway, Inc.; Supervalu and Wal-Mart Stores.

Bakery ingredient indexes
Bagel Cake donut Devil’s food cake Pasta Saltine cracker Shortbread cookie White pan bread Dec. 14 240.8 188.4 189.1 248.9 207.3 180.5 227.6 — Change from — Dec. 7 Nov. 30 -8.5 -6.5 -3.3 -3.3 -1.2 -5.4 -2.7 -1.1 -13.9 -8.4 -6.7 -4.9 -7.6 -9.1 Year ago 246.3 184.5 215.5 306.8 169.8 203.1 187.0

Indexes are based on ingredient costs using standard formulas.

Specialty feed
$ per ton Dec. 14 215.00 448.10 450.10 340.00 350.00 267.50 345.00 400.00 430.00 255.00 765.00 205.00 260.00 170.00 310.50 165.00 630.00 268.00 — Change from — Dec. 7 Nov. 30 +5.00 -5.00 -14.40 -2.30 -15.40 -2.30 -17.50 -35.00 +37.50 +57.50 +2.50 — — +5.00 — — — — — — -32.50 -42.50 — +10.00 — — — — — — — — +5.00 +5.00 -7.00 -2.00 Year ago 200.00 276.30 284.30 222.50 222.50 225.00 292.50 270.00 280.00 200.00 507.50 157.50 200.00 109.00 256.00 105.00 412.50 198.00

Energy
Diesel fuel Dec. 14 Retail, on-highway, $ per gallon East coast 4.069 Midwest 3.977 Gulf coast 3.874 Rocky Mountain 3.938 West coast 4.042 U.S. average 3.991 Natural gas Spot prices, $ per million BTU’s Henry hub 3.33 New York 4.12 Chicago 3.38 California average 3.54 Crude oil Spot prices, $ per barrel West Texas Intermediate 85.36 C.B.O.T. ethanol Nearby contract, $ per gallon 2.298
Energy Information Administration

— Change from — Dec. 7 Nov. 30 -0.027 -0.037 -0.027 -0.051 -0.055 -0.036 -0.08 -0.22 -0.10 -0.15 -2.68 -0.077 -0.023 -0.046 -0.028 -0.119 -0.073 -0.043 -0.37 -1.28 -0.48 -0.36 -1.45 -0.110

Year ago 3.917 3.848 3.794 3.991 4.061 3.894 3.08 3.36 3.21 3.56 97.77 2.075

K.C. bulk midds Soybean meal, 44%, K.C. Soybean meal, 47½%, K.C. Cottonseed meal, 41%, Memphis Linseed meal, 35%, Minneapolis Sunﬂower seed meal, 28%, Minneapolis Dehydrated alfalfa, 17%, Alf. Center Meat meal, 50%, Kansas City Meat meal, 50%, Chicago Corn gluten feed, 21%, Southwest Corn gluten meal, 60%, Southwest Corn gluten feed, 21%, Midwest truck Hominy feed, Kansas City (Northwest) Hominy feed, Chicago Hominy feed, California Hominy feed, Central Illinois Feather meal, K.C. Distillers dried grain

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December 18, 2012

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Food Business News - December 18, 2012

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