Milling & Baking News - October 02, 2012 - (Page 1)

THE NEWS WEEKLY OF GRAIN-BASED FOODS OCTOBER 2, 2012 / FOOD INGREDIENT SOLUTIONS® Unions split vote on Hostess offer; hearing set to decide company’s fate NEW YORK — Hostess Brands, Inc. on Sept. 20 filed a motion in the U.S. Bankruptcy Court Southern District of New York seeking court approval to impose a new collective bargaining agreement on the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union. The filing comes after 92% of the union’s members voted against accepting Hostess’ labor contract. A hearing on the motion is scheduled for Oct. 3. Meanwhile, Hostess’ other large union, the International Brotherhood of Teamsters, on Sept. 14 said its members narrowly approved the contract modifications with 2,357 voting to approve and 2,043 voting to reject. Ballots were mailed out on Aug. 25. In its Sept. 20 filing, Hostess said that immediately after agreeing to solicit a vote on its proposal, leadership of the B.C.T.G.M. “began aggressively lobbying the local leadership and the membership to reject it.” “Mischaracterizing the proposal and promising — without any evidence — that a buyer was waiting in the wings to purchase some or all of the debtors’ bakeries as going concerns, the B.C.T.G.M. leadership succeeded in convincing most of its membership to vote down Continued on Page 10 Can gluten-free be nutrient-rich? Ancient grains, brown rice and oats may improve the nutritional profile of gluten-free products Story on Page 19 LATE NEWS Corn and wheat stocks smaller than expected WASHINGTON — The U.S. Department of Agriculture on Sept. 28 estimated stocks of wheat in all positions on Sept. 1, 2012, at 2,104 million bus, down 2% from a year earlier. The average of pre-report trade estimates was 2,281 million bus. The June-August 2012 indicated wheat disappearance was 908 million bus, up 27% from the same quarter in 2011. Sept. 1 old crop corn stocks were estimated at 988 million bus, down 12% from 2011. Pre-report trade estimates averaged 1,126 million bus. The U.S.D.A. estimated the June-August corn disappearance at 2.16 billion bus compared with 2.54 Continued on Page 8 Flowers Foods establishes chief risk officer position THOMASVILLE, GA. — Craig S. Parr has been named to the newly created position of senior vice-president of finance and chief risk officer at Flowers Foods, Inc. His responsibilities will include commodity hedging and purchasing strategies. No further changes were made to the purchasing department, which will report to Mr. Parr. Mr. Parr will report to R. Steve Kinsey, executive vicepresident and chief financial officer. Prior to joining Flowers Foods Mr. Parr spent 20 years at The Andersons, Inc., most recently as vice-president of risk management and food ingredient supply. During his time at The Andersons he was promoted to progressive leadership positions in accounting, purchasing, treasury and risk management. With wheat flour and other ingredient prices both expensive and volatile, input Continued on Page 16 Marking nine decades in partnership with grain-based foods

Table of Contents for the Digital Edition of Milling & Baking News - October 02, 2012

Milling & Baking News - October 02, 2012
Unions split vote on Hostess offer; hearing set to decide company’s fate
Flowers Foods establishes chief risk officer position
Late News - Corn and wheat stocks smaller than expected
Table of Contents
News/Comment - Good-sized gain in wheat seedings for 2013 harvest
Editorial - Recalling Donald M. Mennel as leader
BayWa AG makes acquisitions in traders
September all wheat price rises 45c
Tate & Lyle sees first-half improvement
Scab initiative funding largely restored
Business - Kellogg, Wilmar partner for joint venture in snacks in China
Cargill to build canola refinery in Saskatchewan
Aunt Millie’s receives approval to build Saginaw baking plant
J.M. Smucker Co. launches reduced-sugar Uncrustables
Study further elevates controversy over agricultural biotechnology
Monsanto’s take on French study
Kraft Foods making progress toward sodium reduction goals
Ralcorp Holdings may sell its remaining stake in Post business
Bob’s Red Mill launches gluten-free muesli cereal
General Mills sees room for growth in snacks business
Financial Results - Aryzta Food North America EBITDA up 19% in fiscal 2012
People - Donald M. Mennel, pillar of milling industry, dies at 94
Barb Murphy to commercial insights director at Caravan
Neal Bassi to president of Manildra Group USA
Markel Bakery Group hires v.p. for Latin America
Food Ingredient Solutions - Can gluten-free be nutrient-rich?
Other gluten-free options
Cereal Update - Ready-to-eat cereal sales slide
Weather Outlook - October looms as another dry month in many small grain production areas
Nutrition and Health - U.S.D.A. adds calorie target feature to SuperTracker
NAMA backs petition to allow fortification of corn masa flour
Washington - U.S.D.A. to change release times of key statistical reports
House recesses without passing farm bill
Ingredient Market Trends
Ingredient Week
Supplier Innovations
Marketplace Business Network
Ad Index

Milling & Baking News - October 02, 2012