Food Business News - June 2, 2015 - (Page 1)

FOODBUSINESS NEWS June 2, 2015 NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY Hormel to acquire Applegate Farms AUSTIN, MINN. - Much like General Mills, Inc. intends to do with its acquisition of Annie's, Hormel Foods Corp. is extending its reach into the burgeoning natural and organic segment and seeking to increase its appeal to a very passionate and engaged consumer base with the proposed acquisition of Applegate Farms, Bridgewater, N.J. "The Applegate brand brings even more diversification to our balanced model through additional channels, a new consumer set, and a different supply chain model," said Jeffrey M. Ettinger, chairman and chief executive officer of Hormel Foods, in a conference Continued on Page 14 Keurig Kold set for launch Diet drinks or fitness fuel? any consumers think they are fit, but they are not. That is according to the International Food Information Council (IFIC) Foundation's 10th anniversary Food and Health Survey published in early May. Results from the survey indicate that 57% of Americans rate their own health as very good or excellent, yet 55% of that group is either overweight or obese, according to body mass index (B.M.I.) calculations. "There's a growing demographic of people who are over their ideal B.M.I. yet really into fitness," said Cheryl Reid, account manager-sports, health and Continued on Page 30 M Story on Page 12 Egg market crisis worsens s U.S. poultry losses topped 42.5 million birds from more than 187 cases of H5N2 highly pathogenic avian influenza, the initial shock of losing an estimated 25% of the nation's processing egg supply and consequent record high egg prices began to reach beyond those directly involved in the poultry and food processing A industries, as evidenced by coverage in the general press, including stories in The New York Times, The Wall Street Journal and on National Public Radio. But it still was the industry - from egg producers and processors to food manufacturers - that was hit hardest. Breaking stock egg prices were record high last week, if they could be found, as were wholesale prices of graded eggs for the retail market. Processors scrambled to find breaking eggs, which have more than tripled in price since early May. Bakers and food manufacturers, dealing with egg products that have increased a minimum of 70% and as much as tripled (liquid whole eggs) since early May or in some cases aren't available at any price, have had to reformulate with extenders or egg replacers when they could. The U.S. Department of Agriculture said Continued on Page 22 ®

Table of Contents for the Digital Edition of Food Business News - June 2, 2015

Food Business News - June 2, 2015
Hormel to acquire Applegate Farms
Egg market crisis worsens
Beverage Business News - Diet drinks or fitness fuel?
Table of Contents
Web Contents
Editorial - Alternatives at the forefront of innovation
Taco Bell, Pizza Hut shifting to simple ingredients
Blue Bell to lay off 37% of workforce
Keurig’s Kold platform ready for launch
Target in test mode with food strategy
A.I. overshadows Hormel Foods’ record quarter
ConAgra to pay $11.2 million in peanut butter case
New sausage plant on the drawing board
Hershey aiming for simplicity in innovation
Mars on a health mission
Tic Tac shakes up portfolio
Sanderson Farms to continue using antibiotics in poultry production
Washington - COOL on the chopping block
Ingredient Innovations - Analyzing aspartame
Drink in sweetener innovation at I.F.T.
New Menu Items
Ingredient Market Trends - Senate passes T.P.A., House yet to weigh in
Ingredient Markets
Supplier Innovations and News
Ad Index
Food Business in the News

Food Business News - June 2, 2015