Milling & Baking News - November 9, 2004 - (Page 1)

Theinewsweeklyiofigrain-basedifoods / Republican election sweep involves changes to agriculture committees WASHINGTON - George W. Bush on Nov. 2 was re-elected President of the United States in a hotly contested election that saw the popular vote split 51% to 48% between the two major candidates. Senator John Kerry of Massachusetts conceded defeat the morning after the election. While the vote counts may have been close in several contests for the Senate and House of Representatives, the net results were not. Republicans gained four seats in the Senate to bring their majority versus Democrats to 55-44, with Senator Jim Jeffords of Vermont the lone independent. The Republicans also picked up at least four seats in the House of Representatives (three contests were undecided as of this N E W S F E AT U R E writing), building their majority in the next Congress. Republicans will occupy to at least 231 House seats, with Democrats occupying at least 200 seats. One seat will be held by an independent. Senator Thomas A. Daschle, Senate Minority Leader and long-standing member of the Senate Agriculture Committee, was defeated by former Rep. John R. Thune. The defeat brings to an end Senator Daschle's 18-year career in the Senate. With the exception of Senator Daschle, all other members of the Senate Agriculture Committee standing for election this cycle were re-elected. These included Republicans Charles Grassley of Iowa Continued on Page 21 Tortillas five-year growth total tops 35%; plants up 27% WASHINGTON - The tortilla industry's position as the fastest-growing segment of grain-based foods and one of the fastest in the entire food industry was affirmed in data released by the Economic Census of the Department of Commerce. In only the second time the Census LATE Shortening prices break under weight of record soybean crops Story on Page 22 Bureau has included tortillas in the food manufacturing industry report series, the value of tortilla shipments in 2002 was estimated at $1,510,974,000, up $397,675,000, or 36%, from $1,113,299,000 in 1997. Both the 2002 Economic Census and the 1997 Economic Census present data based Continued on Page 17 NEWS MONTREAL - Bakery Division EBITDA at Saputo Inc. was C$7 million ($5.8 million) in the second quarter ended Sept. 30, down 16% from C$8.3 million in the same period last year. "The launch of new products combined with promotions for existing products and additional manufacturing costs mainly related to ingredients resulted in an increase in operating expenses compared to the same period one year earlier," the company said. Results also were adversely Continued on Page 8 Baking declines at Saputo inside NOVEMBER 9, 2004 Sara Lee to close bun plant in Hutchinson early next month ST. LOUIS - Sara Lee Bakery Group early next month will halt operations at its Hutchinson, Kas., baking plant. Production from the plant, which bakes hamburger and hot dog buns, will shift to baking plants in Wichita, Kas., and Oklahoma City. Sara Lee said it would continue to supply its customers in Hutchinson and throughout Kansas after the closing. The move will eliminate 47 full- and part-time positions in production, production support and salaried management. Randy Frazer, Sara Lee Bakery's director of central region bakery manufacturing, expressed regret over the loss of work for the Hutchinson employes. "Unfortunately, we no longer need Continued on Page 9 THIS WEEK Bimbo first priority: 'Fix our U.S. business' 12 Ingredient Addressing issues with Chicago wheat contract 27 ADM broadens focus with new tag line 28 Week 30

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Milling & Baking News - November 9, 2004