Food Business News - June 17, 2014 - (Page 1)

June 17, 2014 FOODBUSINESS NEWS NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY Tyson building a prepared foods powerhouse SPRINGDALE, ARK. - Tyson Foods' bid to acquire Hillshire Brands for $63 per share in cash plus the assumption of debt for a total transaction value estimated to be $8.55 billion underscores how important it is to the company to grow its Prepared Foods business unit. The acquisition is contingent on Hillshire Brands terminating its agreement to acquire the Pinnacle Foods Group, Parsippany, N.J. Hillshire Brands confirmed it had received Tyson Foods' offer and noted that it would remain in place until the termination of the Hillshire, Pinnacle merger or Dec. 12, 2014, whichever came first. "The Hillshire Brands board of directors Continued on Page 12 Stor Sto y Story on Page 52 Page age Sodium reduction: Aiming at the target n the current marketplace, it's not enough for food to be nourishing. Some consumers also seek product they perceive as contributing to a healthful future. Hence the reason the sodium content of foods has come under scrutiny, as excess intake of the nutrient has been linked to the development of hypertension, a major risk factor for heart disease and stroke. "While many people are looking for food that contributes to health and wellness, some also are monitoring food Continued on Page 84 I Mid-year markets spotlight rices for corn, wheat and soybeans are lower as mid-2014 approaches, but values for other key ingredients, including sugar, dairy and egg products, are higher to sharply higher. Edible oils prices are mixed. Meat prices are near record highs. U.S. Department of Agriculture reports - monthly Crop Production and World Agricultural Supply and Demand Estimates P - enhanced lower trends already evident in the major grain and oilseed crops. While it may sound like a broken record, current price trends for several items still relate back to the severe drought of 2012. At the same time, some are influenced by this year's severe winter, ongoing rail logistics issues, droughts in the southern Plains and California, and a developing El Niño. And some price moves have resulted from outside factors, mainly political in nature. While weather likely will be the determining factor in this year's major crop production, conditions appear mostly good if not outstanding early in the season, at least for corn and soybeans. The U.S.D.A. and most of the trade expect a record large U.S. corn crop near or above 14 billion bus in 2014. The U.S.D.A. in its June 11 WASDE projected U.S. corn carryover on Sept. 1, 2015, at 1,726 Continued on Page 46 ®

Table of Contents for the Digital Edition of Food Business News - June 17, 2014

Food Business News - June 17, 2014
Tyson building a prepared foods powerhouse
Sodium reduction: Aiming at the target
Mid-year markets spotlight
Web Contents
Editorial - Preventing food fraud must be a priority
Peanut butter innovaton propels Smucker
Pinnacle opens pilot plant at Rutgers
Consumer interest in protein remains high
Trashing trillions of calories
Health science at the center of Nestle’s strategy
Nestle sees emerging markets as an e-commerce opportunity
McDonald’s U.S. sales still slipping
Innovation popping at Diamond Foods
Emerging natural and organic food and beverage trends
B&G Foods goes clubbing
C-suite focus shifting toward greater effi ciencies
Krispy Kreme looks to create buzz with licensed coff ee
Private label, sustainability shaping Hain Celestial’s strategy
Quality Egg executives plead guilty to selling adulterated products
Redefining food allergens
Have your cake and quinoa, too
Three snack makers to watch
Flavor mining
Ancient grains for modern trends
Ancient grains in America
All systems go on sustainability strategies
Targeting sodium reduction
General Mills launches Cheerios Protein
Wonka introduces Peel-a-Pops
Ready Pac expands on-the-go meals
Pacifi c Foods adds to hummus offerings
Big chicken fi llet sandwiches debut
Breyers off ers gluten-free ice cream
oCrunch and Kellogg’s partner to create cereal bowl
Stoneridge Orchards launches new dried whole fruit products
GoOrganic debuts fruit chews
popchips rolls out veggie chip line
On the Border debuts smart menu selections
Annie’s announces snack and mini meal kits
Gold’n Plump upgrades frozen chicken patties
Ingredient Market Trends - U.S.D.A. raises U.S. and world wheat ending stocks forecasts
Ingredient Markets
Supplier Innovations and News
Ad Index
Food Business in the News

Food Business News - June 17, 2014