Food Business News - December 03, 2013 - (Page 1)

December 3, 2013 FOODBUSINESS NEWS NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY Doug McMillon tapped to lead Wal-Mart BENTONVILLE, ARK. - The board of directors of Wal-Mart Stores, Inc. elected Doug McMillon to succeed Mike Duke as president and chief executive officer, effective Feb. 1, 2014. Mr. McMillon also was elected to the company's board of directors, effective immediately. Mr. McMillon most recently was president and c.e.o. of Wal-Mart International, where he had oversight for more than 6,300 stores and more than 823,000 associates in 26 countries outside the United States. He will be the fifth c.e.o. since Wal-Mart became a publicly-traded company in 1970. Founder Sam Walton was Continued on Page 11 Nut prices soar Tyson Foods taking a crack at breakfast SPRINGDALE, ARK. - Tyson Foods, Inc. is eyeing the breakfast occasion as its next growth vehicle. "We study consumers' needs and behaviors, and we have identified opportunities to grow retail value-added sales beyond center-of-the-plate chicken," said Donnie Smith, president and chief executive officer, during a Nov. 18 earnings call with analysts. "Breakfast emerged as a highpotential category." Tyson recently added breakfast sausage under its Wright Brand of bacon products, but as the company continues to expand into prepared foods, it has Continued on Page 14 Story on Page 26 Food vs. fuel redux E.P.A. proposes lower R.F.S. target for ethanol in 2014 he Environmental Protection Agency on Nov. 15, under its Renewable Fuel Standard (R.F.S.), proposed that the volume of renewable fuels refiners must add to the nation's fuel supply be reduced in 2014. The proposed adjustment would be the first lowering of renewable fuel volume obligations since the enact- T ment of the Energy Independence and Security Act of 2007. The E.P.A. proposed refiners add around 15.21 billion gallons of renewable fuels to the fuel supply in 2014 compares with 16.55 billion gallons as required in 2013 and 18.15 billion gallons as the level mandated by Congress for 2014 in E.I.S.A. The E.P.A.'s action breathed new life into the long-standing "food versus fuel" debate that has pitted corn growers and the biofuels industry against not only the petroleum industry but those alarmed too much grain was being diverted from food uses, raising supply concerns and forcing food prices higher. The E.P.A. in its announcement pointed to what it called an "E10 blend wall" as a reason for the lower target. "Nearly all gasoline sold in the United Continued on Page 28 ®

Table of Contents for the Digital Edition of Food Business News - December 03, 2013

Food Business News - December 03, 2013
Doug McMillon tapped to lead Wal-Mart
Tyson Foods taking a crack at breakfast
Food vs. fuel redux
Table of Contents
Web Contents
Editorial - Food service at the nexus of value, taste and health
Dean Foods taking steps to address milk consumption decline
Skippy lifts Hormel results
Private equity firm acquires Carl’s Jr., Hardee’s
TGI Fridays on the block
Heinz to close ketchup, frozen food plants
Mexico’s Sigma makes offer to acquire Spain’s Campofrio
Pork operation acquires Minnesota poultry processor
Yum! Brands reorganizes corporate structure
Pinnacle playing it cool in the frozen category
G.M.C.R. playing hardball with Keurig 2.0
Pilgrim’s Pride announces plant expansions, closure
Coca-Cola goes all in on coconut water maker
Campbell accelerating innovation efforts to bolster soup business
Added caffeine regulations may jolt food makers
McDonald’s adapting to change
Market Insight - Nut prices soar
Ingredient Innovations - Don't forget soy
Dairy Business News - Color considerations for daily products
Photos from Food Ingredients Europe
PROCESS EXPO and International Dairy Show
New Food Products
Ingredient Market Trends - I.G.C. raises forecasts for world wheat, corn and soybeans
Ingredient Markets
Supplier Innovations and News
Ad Index
Food Business in the News

Food Business News - December 03, 2013