Food Business News - April 9, 2013 - (Page 1)

April 9, 2013 FOODBUSINESS NEWS NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY ConAgra hits turbulence with Ralcorp integration OMAHA — ConAgra Foods, Inc. expects “bumps and bruises” as it works to integrate its recently acquired Ralcorp business, said Gary Rodkin, chief executive officer of ConAgra Foods, during an April 3 call with financial analysts to discuss third-quarter earnings. “We’re integrating at a pace and sequence that will optimize the long-term growth of this major acquisition, so we are obviously being deliberate and thorough up front to make sure the integration drives success,” Mr. Rodkin said. “We, of course, will find some opportunities to course correct and other places to build upon Ralcorp’s successes. There Continued on Page 16 Formulating juices for junior mall bodies hold less fluid, which is why children seem to always be asking for something to drink. They require hydration more frequently than adults, and though a simple glass (or sippy cup) of water may be the wisest choice, children want flavor and they crave sweetness. A child’s affinity toward the basic taste of sweet begins at birth with mother’s milk, which has a slightly sweet profile that a baby grows fond of quickly. This is why fruit juices long have been a staple in households with children, because parents often view Continued on Page 45 S Starbucks is seeking more success Story on Page 35 Surprises seen in grain stocks, not plantings report ith the possible exception of sugar beet acreage, there were few surprises in the annual U.S. Department of Agriculture’s Prospective Plantings report, but there were plenty of unexpected numbers in the agency’s quarterly Grain Stocks report, released at the same time on March 28. It was much higher-than-expect- W ed March 1 corn, wheat and soybean stocks that sent futures prices for all three commodities sharply lower, with most pressure on old-crop contracts. The March 1 corn stocks estimate of 5,399 million bus was considered the most bearish number in the two reports. The number, though down 10% from March 1, 2012, was above the entire range of analysts’ pre-report forecasts and 7% above the average of those forecasts. “The difference between the U.S.D.A.’s March 2013 (corn) stocks estimate ... and the average trade guess was about 370 million bus, one of the largest differences in the past 30 years,” Darrel Good, University of Illinois agricultural economist, said in his Weekly Outlook. Early last week the trade still was trying to explain the large “miss” in their expectations. Some surmised that actual 2012 corn Continued on Page 26 ®

Table of Contents for the Digital Edition of Food Business News - April 9, 2013

Food Business News - April 9, 2013
ConAgra hits turbulence with Ralcorp integration
Formulating juices for junior
Surprises seen in grain stocks, not plantings report
Table of Contents
Web Contents
Editorial - Infrastructure: The overlooked component of nutrition
McCormick sees food industry innovation efforts picking up
World’s largest food allergens study under way
Industry leaders update sodium reduction progress
Technomic: Sales at large restaurant chains increased 5% in 2012
Softer sales, traffic pull restaurant index down
Honey prices record high in 2012; outturn down 1%
Koch Foods expanding Georgia plant
Premium Brands to acquire deli meat maker
Chia grows from kitsch to kitchen
Itochu completes purchase of Dole businesses
Ralcorp acquisition weighs on ConAgra results
Beverage customization trend gains traction
Children’s meals missing nutrition marks
More restaurants offering beefless burgers
Washington - U.S.D.A. circumvents sequestration
Amendment protects bioengineered crops
Health and Wellness - Weight management trends in transition
Company Profile - Starbucks is seeking more success
Ingredient Innovations - Shareholders take notice of sustainable palm oil
Study links canola use to lower belly fat
High-oleic soybean oils near commercial levels
New Food Products
Ingredient Market Trends - Winter wheat condition ratings reflect drought impact
Ingredient Markets
Supplier Innovations and News
Ad Index
Food Business in the News

Food Business News - April 9, 2013