Milling & Baking News - August 15, 2006 - 9

FLOUR

FEED * GRAIN
* QUALITY
* UNIFORMITY

L AT E N E W S

the
Mennel

Continued from Page 1
$54.85 per share on the common stock, up 11% from
$62,584,000, or $49.87 per share, during the second
quarter of 2005. Net sales for the quarter totaled
$482,493,000, down 12% from $547,689,000 in the
same period last year.

MILLING COMPANY

' SERVICE

WASHINGTON - Flour production
by U.S. mills in the second quarter of
2006 totaled 96,839,000 cwts, up 599,000
cwts, or 0.6%, from 96,240,000 cwts in
the second quarter of 2005. Half-year
output aggregated 194,358,000 cwts, up
2,208,000 cwts, or 1.1%, from 192,150,000
in the first half of 2005. This was the largest firsthalf output in five years since 196,638,000 in 2001.
Wheat ground for flour in April-June 2006 totaled
214,183,000 bus, down 2,312,000 or 1.1%, from
216,495,000 in the second quarter last year.

Flour output
gains in
quarter

The U.S.D.A. raised
its estimate of soft red
winter wheat production

WASHINGTON - In its first surveybased estimates for corn and soybeans,
the National Agricultural Statistics Service of the U.S. Department of Agriculture forecast the 2006 U.S. corn crop at
10,975,740,000 bus, down 136,332,000
bus, or 1%, from 11,112,072,000 bus in
2005. The soybean crop was forecast at 2,927,634,000
bus, down 158,798,000 bus, or 5%, from 3,086,432,000
bus last year. All wheat production was estimated at
1,801,355,000 bus, down 4,281,000 bus from July and
303,335,000 bus, or 14%, below 2005. Winter wheat
was estimated at 1,283,134,000 bus, up 3,129,000 bus
from July but down 215,995,000 bus, or 14%, from
a year ago. Spring wheat other than durum was
estimated at 463,511,000 bus, down 1,750,000 bus
from July. Durum was put at 54,710,000 bus, down
5,660,000 bus, or 9%, from July.

in 2006 by 5 million bus,

Corn,
soybean
output down

to 380 million bus. The
U.S.D.A.'s forecast for
the carryover of soft red
on June 1, 2007, was
unchanged from July at
112 million bus, with

WASHINGTON - The U.S. Department
of Agriculture on Aug. 11 lowered its projection for the carryover of wheat on June
1, 2007, by 4 million bus, to 434 million
bus. That compared with a June 1, 2006,
wheat inventory of 568 million bus and
would be the smallest wheat carryover
since 1996. The reduction from the July report was due
to a 5-million-bu decrease in estimated wheat production, to 1,801 million bus. This year's wheat crop was
estimated 14% smaller than the 2005 outturn of 2,105
million bus. Imports of wheat in 2006-07 were projected at 105 million bus, unchanged from July and up 25
million bus from 2005-06. Exports of wheat in 200607 were projected at 900 million bus, unchanged from
July and compared with 1,009 million bus in 2005-06.

U.S.D.A.
pares wheat
carryover

increased domestic use
projected to absorb the
increased supply.

the

Mennel

MILLING COMPANY
"Since 1886"
+800-688-8 151

FAX: (419) 436-5150

sales@mennel.com
www .mennel.com
Flour Mill Locations

Bucyrus , Ohio

Fosto r ia , Ohio
Dowag iac , Michigan
Roanoke , Virginia

Mt. Olive , Illiçois

10 / Milling & Baking News, August 15, 2006

GOLDEN, COLO. - New World Restaurant Group in the second quarter ended July 4 sustained a loss of
$1,542,000, which compared with a
loss of $4,283,000 in the same period
last year. This year's loss included $5.8
million in non-cash depreciation, amortization and stock-based compensation charges. Total revenues for the second quarter rose slightly to
$97,956,000, up from $97,113,000 in the same period
last year. Restaurant sales also inched up, rising to
$91,507,000 from $91,116,000. MBN

New World
Restaurant
cuts loss

bakingbusiness.com / world-grain.com

http://www.mennel.com http://www.bakingbusiness.com http://www.world-grain.com

Milling & Baking News - August 15, 2006

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