Milling & Baking News - May 17, 2011 - (Page 1)

THE NEWS WEEKLY OF GRAIN-BASED FOODS MAY 17, 2011 / AIB INSERT Diminished hard winter crop seen partly offset by soft red surge AIB International Annual Review AIB International Annual Review Coverage after Page 24 LATE NEWS Hatcher pitches Bread Art Project on ‘The View’ NEW YORK — An appearance by celebrity spokesperson Teri Hatcher on the television show “The View” highlighted the New York media day for the Grain Foods Foundation on May 10. Kristin Patterson, vice-president and account director for Mullen, said “The View” reaches nearly 4 million viewers. She estimated at $180,000 the media value of the appearance on the show, which features Barbara Walters, Joy Behar and Elisabeth Hasselbeck. “Teri did a fantastic job delivering our key messages while the images of our Bread Art web site were displayed on the screen,” Ms. Patterson said. “Also, producers at ‘The View’ posted Continued on Page 8 WASHINGTON — The National Agricultural Statistics Service of the U.S. Department of Agriculture forecast U.S. winter wheat production this year at 1,424,357,000 bus, down 60,879,000 bus, or 4%, from 1,485,236,000 bus in 2010. The forecast was the first survey-based projection of winter wheat production of the season and was contained in the department’s May Crop Production report issued May 11. A projected 25% drop in hard winter wheat production from 2010 because of drought in key southwestern states was nearly offset by a rebound in soft winter wheat production after last year’s abysmal outturn. The U.S.D.A. winter wheat production number was above analysts’ pre-report trade expectations, which averaged near 1,389 million bus. If the forecast is realized, the 2011 winter wheat crop would be the smallest since 1,294,461,000 bus in 2006 and would compare with 1,534,176,000 bus as the recent five-yearaverage outturn. The U.S.D.A. forecast an average winter wheat yield at 44.5 bus per acre based on conditions as of May 1, down 2.3 bus per acre from 46.8 bus in 2010. Harvested area was forecast at 32,039,000 acres, up 1% from 31,749,000 acres a year ago. Production of hard red winter wheat Continued on Page 9 Geographic expansion, afternoon sales gains key in Dunkin’ strategy CANTON, MASS. — Increasing market penetration and expanding Dunkin’ Donuts’ position in the afternoon daypart are among growth strategies identified in a preliminary prospectus issued by Dunkin’ Brands Group, Inc. The Form S-1 registration statement for an initial public offering of common stock was filed by Dunkin’ May 4 with the Securities and Exchange Commission. The prospectus offers considerable background about the company and its strategy for growth in the years ahead. The company, which includes the Dunkin’ Donuts and Baskin-Robbins businesses, has been owned since March 2006 by private equity investors, including Bain Capital Partners, L.L.C; The Carlyle Group; and Thomas H. Lee Partners, L.P. The investors acquired the business from Pernod Ricard, which gained control of Dunkin’ Brands as part of a July 2005 acquisition of Allied Domecq P.L.C. For several years before that, Dunkin’ and Baskin-Robbins had operated as a subsidiary of Allied-Domecq. According to the filing, net proceeds from the offering, together with proceeds from a $100 million term loan, will be used to repay debt outstanding under its Dunkin’ Brands 9.625% senior Continued on Page 29

Table of Contents for the Digital Edition of Milling & Baking News - May 17, 2011

Milling & Baking News -- May 17, 2011
Diminished hard winter crop seen partly offset by soft red surge
Geographic expansion, afternoon sales gains key in Dunkin’ strategy
Late News -- Hatcher pitches Bread Art Project on ‘The View’
NEWS Comment -- Healthy industry revealed by fi nal data on 2010 fl our
Editorial -- Strength of family ties leads to Baker of the Year
Late News -- Sugar Foods buys Mrs. Cubbison’s from Hostess
Late News -- Baked foods and cereal C.P.I. rises 0.2%
Late News -- CSM opens ingredients facility in China
Late News -- Flour production down in fi rst quarter
Data -- U.S. 2012 wheat carryover projected 16% below 2011
Data -- Domestic fl our disappearance in 2010 now placed at record high
Financial Results -- Sara Lee operating income slips in third quarter; guidance cut
Financial Results -- Snyder’s-Lance results strong in fi rst post-merger quarter
Financial Results -- Kraft net down 58%; adjusted income climbs 37%
Financial Results -- Agribusiness, food and ingredients spur Bunge profi t
I.A.O.M. Review -- Stoufer: Investment in people, processes key to future of flour milling
I.A.O.M. Review -- 2012 I.A.O.M. event to be held in Spokane, Wash.
I.A.O.M. Review -- Joe Woodard named president of the I.A.O.M.; other offi cers elected
I.A.O.M. Review -- Scott Martin named Milling Operative of the Year
I.A.O.M. Review -- I.A.O.M. gathers in San Antonio for 115th annual meeting
AIB International Annual Review
AIB -- Munyon’s letter
ABI -- Adaptability on display at AIB
AIB -- School review
AIB -- Developing domestic demand
AIB facts
Food safety inspections, modernization act heat up AIB
AIB -- 10 questions with Stephanie Lopez, director of Food Safety Education
AIB -- Stepped -up certifi cation demand
AIB locks up deal with The NFL
AIB -- New man in charge
AIB -- AQMS marketing benefits
AIB -- Mapping out a microbiology plan
AIB -- A passion for food auditing
I.A.O.M. Review -- William Pursley, Steve Curran receive I.A.O.M. awards
Business -- CHS sells shares in Brazilian joint venture to Mitsui
Business -- Pastifi cio Rana to open pasta and sauce plant in Illinois
Business -- King Arthur Flour to begin facility expansion
Business -- Niacet to raise price of propionates
People -- Irwin Steinberg dies; founder of Tortilla Industry Association
People -- Neal Yanofsky named president of international unit of Dunkin’ Brands
People -- Former Monsanto executive joins ADM board
Washington -- B.&C.M.A. recognizes Energy Star award winners
Business -- Kellogg to launch Rice Krispies Gluten Free in June
Supplier Innovations -- AKFP offers arrowroot starch, pea starch
Supplier Innovations -- Blower system saves on energy, space
Supplier Innovations -- Natural Products re-launches soy grits and meal
Supplier Innovations -- Stevia group offers testing program
Ingredient Market Trends -- U.S.D.A. sees corn stocks rising and soybean stocks declining in 2011-12
Ingredient Week
Marketplace Business Network
Ad Index

Milling & Baking News - May 17, 2011