Milling & Baking News - May 5, 2009 - (Page 1)

THE NEWS WEEKLY OF GRAIN-BASED FOODS MAY 5, 2009 / More work to be done in effort to make half grains whole FEATURE Sweeteners on offense Stevia hits U.S. market while Corn Refiners Association promotes HFCS Story on Page 19 LATE NEWS Kellogg net up on cost-saving initiatives BATTLE CREEK, MICH. - A strong focus on cost savings helped The Kellogg Co. overcome lower sales and charges associated with peanutrelated recalls to post a 2% gain in net income during the first quarter. Net income in the first quarter ended April 4 totaled $319 million, equal to 84c per share on the common stock, up from $315 million, or 82c per share, in the same period a year ago. Kellogg said the most recent quarterly results included a 5c-per-share impact due to the cost of the peanutrelated recalls. Net sales were $3,169 million, down 3% from $3,258 million a year ago. Operating profit at Continued on Page 8 ALEXANDRIA, VA. - Finding ways to increase whole grains intake at schools was of central interest at the "Make (at least!) half your grains whole" conference sponsored by the Whole Grains Council and Oldways Preservation Trust. More than 150 representatives of the grain-based foods industry, academia, government, school food service and media gathered to discuss whole grains at the Alexandria Westin hotel April 20-22. The conference, the fourth such event sponsored by the W.G.C. since 2002, is viewed as a forum for discussing the challenges of increasing whole grains intake, making sense out of research and reaching new markets. For the first time the conference featured an informational session that provided participants an opportunity to ask questions of some of the exhibitors and presenters as well as network. A highlight of this year's meeting was a sharp focus on finding ways to increase whole grains consumption within school food programs. Representatives from school food service programs offered insight into initiatives that are working successfully as well as those that aren't, urging manufacturers in the audience to continue to strive to develop healthy, great tasting products that are affordable. With discussion of the 2010 Dietary Guidelines for Americans under Continued on Page 28 Census barely changes preliminary 2008 flour production estimate WASHINGTON - After flirting with the all-time high in 2007, U.S. flour production took a modest step backward in 2008, falling by less than 1%. In the Flour Milling Products Summary just issued by the Bureau of the Census of the U.S. Department of Commerce, flour production last year was placed at 416,283,000 cwts, down 2,553,000, or 0.6%, from 418,836,000 in 2007. The estimate for 2008 was virtually unchanged, down only 1,000 cwts, from the preliminary figures issued by the Census Bureau in February. The adjustment, the smallest in memory, contrasts with last year when flour production was raised 1,262,000 cwts in the annual summary. With flour production at 416,283,000 cwts, 2008 represented the seventh year in which U.S. mills have produced more than 400 million cwts of Continued on Page 35

Table of Contents for the Digital Edition of Milling & Baking News - May 5, 2009


Milling & Baking News - May 5, 2009