Milling & Baking News - July 24, 2012 - 41

Data

Fifty Years of Good Taste

projected at 4,800 million bus, down 650 million bus, or 12%, from 5,450 million bus in June but up 250 million bus, or 5%, from 4,550 million bus in 201112. Food, seed and industrial use was projected at 6,320 million bus, down 105 million bus from 6,425 million bus in June and down 135 million bus from 6,455 million bus in 2011-12. Corn used for ethanol in 2012-13 was projected at 4,900 million bus, down 100 million bus from June and down 150 million bus from 2011-12. Total domestic use was projected at 11,120 million bus, down 755 million bus, or 6%, from June but up 115 million bus from 2011-12. Exports were projected at 1,600 million bus in 2012-13, down 300 million bus, or 16%, from 1,900 million bus in June and unchanged from 201112. Total use in 2012-13 was projected at 12,720 million bus, down 1,055 million bus, or 8%, from 12,605 million U.S. wheat carryover by classes bus in 2011-12. The average price 2013 2012 2011 2010 of corn paid to farm— (million bus) — ers in 2012-13 was Hard winter 266 317 385 254 projected to range Soft red 143 185 242 171 from $5.40@6.40 a Hard spring 155 151 234 142 bu, up sharply from White 60 64 80 64 $4.20@5 a bu projected Durum 40 26 35 25 in June and compared Total 664 743 976 657 with $6.10@6.30 a bu estimated for 2011-12 at 665.33 million tonnes, down 6.73 and $5.18 a bu in 2010-11. The U.S.D.A. projected soybean million tonnes from June and down 29.36 million tonnes, or 4%, from a carryover on Sept. 1, 2013, at 130 million record 694.69 million tonnes in 2011- bus, down 10 million bus, or 7%, from 12. Global wheat consumption was 140 million bus projected in June and projected at 680.06 million tonnes in down 40 million bus, or 24%, from 170 2012-13, down 1.81 million tonnes from million bus forecast for the current year. U.S. soybean production in 2012 June and down 14.68 million tonnes, or 2%, from 694.74 million tonnes in was projected at 3,050 million bus, 2011-12. World wheat exports were down 155 million bus, or 5%, from the projected at 134.71 million tonnes, June forecast and down 6 million bus down 710,000 tonnes from June and from 2011. Total soybean supply in down 15.69 million tonnes, or 10%, 2012-13 was projected at 3,235 million bus, down 160 million bus from June from 150.4 million tonnes in 2011-12. In its July 11 WASDE, the U.S.D.A. and down 51 million bus from 3,056 projected the carryover of corn in the million bus in 2011-12. The average price of soybeans United States on Sept. 1, 2013, at 1,183 million bus, down 698 million bus, or paid to U.S. farmers in 2012-13 was 37%, from 1,881 million bus projected projected to range from $13@15 a bu, in June, but up 280 million bus, or 31%, up $1 from June and compared with from 903 million bus forecast for 2012. $12.40 in the current year and $11.30 For 2012-13 the U.S.D.A. projected in 2010-11. The U.S.D.A. projected 2013 carryU.S. corn imports at 30 million bus, up 15 million bus from June and up over of U.S. wheat, corn and soybeans 8 million bus from 2011-12. Total corn all were lowered from June projections supply in 2012-13 was projected at and all were below the average of 13,903 million bus, down 1,753 million pre-report trade expectations. The bus, or 11%, from June but up 395 2012 winter wheat estimate was million bus, or 3%, from 13,508 million near the trade forecast while the all wheat number also was below trade bus in the current year. Feed and residual use for 2012-13 was expectations. MBN 317 million bus in 2012. Hard spring carryover in 2013 was projected at 155 million bus, up 4 million bus from an upwardly-revised 151 million bus in 2012. Soft red carryover was projected at 143 million bus, down 42 million bus from a lower-revised 185 million bus in 2012. White wheat was projected at 60 million bus in 2013, down 4 million bus from 2012. Durum carryover on June 1, 2013, was projected at 40 million bus, up 14 million bus from an upwardlyrevised 26 million bus in 2012. World wheat ending stocks for 2012-13 were projected at 182.44 million tonnes, down 3.32 million tonnes from 185.75 million tonnes in June and down 14.74 million tonnes, or 7%, from 197.18 million tonnes estimated for 2011-12. World wheat production for 2012-13 was projected
bakingbusiness.com / world-grain.com

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ethel Bakery, known as The Cake Place, celebrated its golden anniversary in September, 2005. Located in Bethel Park, Pennsylvania, the bakery staged a week-long celebration that enjoyed great community support. “We doubled our normal customer count each day;” said John Walsh, Bethel Bakery President. “Bethel Bakery is beloved in our community.” There was no doubt about where to turn for an anniversary cake. Nearly 80 percent of Bethel Bakery’s business comes from cakes, including cupcakes, dessert cakes and wedding cakes. But Bethel is widely known for its decorated cakes and signature French Buttercream icing. Family is at the heart of Bethel Bakery. John, is the oldest of seven children and took over from his parents, Morris and Anna Walsh, in 1991. Both Morris and Anna still find time to visit the bakery. Anna loves serving customers, and Morris, aside from being a master baker, is a valuable jack-of-all-trades. And with a 7,000square-foot facility, there is always something to be repaired. John’s sister, Christine Makowski, oversees wedding cake sales, and John’s wife, Chris, contributes administratively. John admits having four kids has kept his life balanced. “Staying involved in my kids lives helps keep me from becoming totally consumed by my business.” John believes that keeping quality consistent, day-to-day and year-to-year is one of their biggest challenges. “Bethel Bakery has been an International® Bakers Services’ customer for decades,” he continued. “We rely on International® flavors to provide the consistency we require for our ongoing success.” When you want consistent results, turn to International® Bakers Services. Contact us toll-free at (800) 345-7175, by fax at (574) 287-7161, or in writing at 1902 North Sheridan Ave., South Bend, Indiana 46628. We have the flavors your customers deserve.
Milling & Baking News July 24, 2012 / 41

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Milling & Baking News - July 24, 2012

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