Food Business News - March 12, 2013 - (Page 1)

March 12, 2013 FOODBUSINESS NEWS NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY ConAgra, Cargill and CHS combining milling businesses OMAHA — In what would be the largest merger in flour milling history, ConAgra Foods, Inc., Cargill and CHS Inc. last week announced they have reached an agreement to combine their North American flour milling businesses to form a new company to be named Ardent Mills. The combined company would operate 44 flour mills, three bakery mix facilities and a specialty bakery, in the United States, Canada and Puerto Rico. Total daily wheat and durum flour capacity for the combined company will be 576,100 cwts. The new milling company would operate as an independent joint venture of its Continued on Page 10 Story on Page 24 Color cues: A view of flavor olor cues flavor and, because we taste with our eyes before our palate, color is important to foods and beverages. A few years ago, beverage formulators were aggressively developing clear and colorless products, as the opinion was it conveyed a “cleaner label.” But the reality is educated consumers wondered how a bottle of water that tastes like pomegranate not possess a drop of the superfruit’s characteristic anythocyanin-rich color? Today, beverage formulators are trending away from clear and colorless, in particular with adult-focused beverages. “But depending on the beverage, consumers don’t necessarily want the Continued on Page 37 C Confident about grain Crops seen rebounding in 2013, if weather cooperates .S. Department of Agriculture chief economist Joseph Glauber seemingly apologized for his initial 2013 projections of record large U.S. corn and soybean crops made at the recent U.S.D.A. Outlook Forum that were eerily similar to the projections made at last year’s Forum. As is now well known, 2012 production fell U short of early forecasts, through no fault of Mr. Glauber. The key last year, again this year and every year when farming is concerned, is the weather. “The outlook for 2013 is similar to last year’s outlook,” Mr. Glauber said in forecasting 2013 corn production at a record 14,530 million bus, up 35% from 2012 output, and soybean production at a record 3,405 million bus, up 13%. The forecasts are even higher than the initial projections made at last year’s Outlook Forum of 14,270 million bus for corn, which would have been record high, and 3,250 million bus for soybeans. But the “flash drought” of 2012 resulted in final corn production of 10,780 million bus, down 24% from the forecast, and soybean outturn at 3,015 million bus, down 7%. U.S. 2013 wheat production was forecast at 2,100 million bus, down 7% from Continued on Page 22 ®

Table of Contents for the Digital Edition of Food Business News - March 12, 2013

Food Business News - March 12, 2013
ConAgra, Cargill and CHS combining milling businesses
Color cues: A view of flavor
Confident about grain
Table of Contents
Web Contents
Editorial - Food fraud is a food safety issue
Ahold to offer more private brands
Taco Bell’s U.K. business finds horse meat in raw materials
Jury sides with Ralcorp in ‘scoops’ case
Saputo exiting the European cheese market
Tyson Foods closing Springdale plant
Coca-Cola ups stake in U.K. smoothie maker
IFT Wellness 13 - Switching sensory test protocol benefits General Mills
Profitable sodium reduction strategies remain elusive
Liquid product innovation may fit teen market
Mediterranean diet linked to reduced heart disease risk
Cott to add more diverse products and packages
Dunkin’ Brands makes changes in leadership
ConAgra sees ‘long runway ahead’ for private brands
ConAgra’s frozen food pipeline ‘very, very full’
Starbucks expands Evolution Fresh juices to the East coast
Whole Foods c.e.o. says desire for healthier lifestyle ‘here to stay’
Wendy’s brand transformation boosts earnings, confidence in outlook
Washington - Sequester slicing deep into meat inspection and nutrition programs
Company Profile - Kellogg's core four
Ingredient Innovations - Protein partners
Citrus may be functional as well as flavorful
New Food Products
Ingredient Market Trends - U.S.D.A. makes only slim changes to U.S. grain and oilseed outlooks
Ingredient Markets
Supplier Innovations and News
Ad Index
Food Business in the News

Food Business News - March 12, 2013