Milling & Baking News - January 18, 2005 - (Page 1)

Theinewsweeklyiofigrain-basedifoods Dietary Guidelines emphasize need to exercise, control calorie intake WASHINGTON - Reflecting the growing percentage of individuals who are overweight, the 2005 edition of the Dietary Guidelines for Americans places stronger emphasis on reducing calorie consumption and increasing physical activity. The guidelines were issued Jan. 12 by the U.S. Department of Agriculture and the Department of Health and Human Services. The new guidelines were published following a process that began in 2003. As expected, the daily intake of grains was lowered in the guidelines to 5 to 10 from 6 to 11 in the previous edition. At certain energy intake levels, a reduction of two servings per day is recommended. Still, for grain-based foods, the recommendations in the guidelines are far more LATE favorable than had been anticipated. "I think we came out as well as we ever could have expected, given what was discussed," said Judi Adams, president of the Grain Foods Foundation. Ms. Adams, who was reached Jan. 12 in Washington where the guidelines were released, noted that gratuitous slaps at refined grains that were present in draft versions of the guidelines have been removed. As expected, the guidelines urge consumers to increase intake of whole grains. But the language used in the key recommendations section of the guidelines communicates this message differently than the draft versions. Among key Continued on Page 16 Soft red winter leads retreat in U.S. winter wheat plantings WASHINGTON - Concerns that soft red winter wheat acres planted for harvest in 2005 would be down sharply from a year ago were more than validated by winter wheat seedings estimates issued Jan. 12 by the National Agricultural Statistics Service JANUARY 18, 2005 / of the U.S. Department of Agriculture. The N.A.S.S. estimated soft red winter wheat seeded area at 6.6 million acres, the smallest since 6.2 million acres in 1978. The N.A.S.S. estimate compared with 7.6 million acres as Continued on Page 28 Co-branding: Names to remember Story on Page 19 inside NEWS INVER GROVE HEIGHTS, MINN. - Earnings of the Processed Grains and Foods segment of CHS, Inc. declined in the quarter ended Nov. 30. The company attributed the decline to "market conditions within oilseed processing and wheat milling operations, along with the ongoing repositioning in Mexican foods." Results were strong in the company's Energy and Grain Marketing segments. CHS net income in the quarter was $18 million, down from $50.7 million in the same quarter last year. Results in the fiscal 2005 quarter included a $35 million pre-tax impairment Continued on Page 8 CHS milling results decline Flowers lowers income estimate for 2004, but raises sales figure THOMASVILLE, GA. - A jump of more than 20% in the share price value of Flowers Foods, Inc. is resulting in a higher-thanexpected compensation expense for the company in 2004, Flowers said last week. The cost hike associated with a stock appreciation rights plan for 2004 (year ended Jan. 3, 2005), has led the company to cut its per share income guidance for the year to $1.21 to $1.24, down from $1.30 to $1.34. The company also experienced higherthan-planned compliance and commodity costs and is reducing its prior guidance for income from continuing operations. The company said income from continuing operations would equate to 3.5% or 3.6% of Continued on Page 10 THIS WEEK Extensive Dietary Guidelines coverage 1, 14-17 Ingredient Bi-LO in warehouse, distribution deal 11 Biotech group names new president 29 Week 31

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Milling & Baking News - January 18, 2005