Milling & Baking News - January 8, 2013 - (Page 1)

THE NEWS WEEKLY OF GRAIN-BASED FOODS JANUARY 8, 2013 / FEATURE Stock Market Review With 17.3% jump, grain-based shares close 2012 at record high KANSAS CITY — Outperforming the overall stock market again, shares of grain-based foods companies rose sharply in trading in 2012, closing at an all-time high. At 14117.69, the Grain-Based Foods Share Index, calculated by Milling & Baking News, was up 17.3% for the year. The index beat out broader major market indexes, some easily, including the Dow Jones average of industrial shares, up 7.3%; the S.&P.500, up 13%; and the Nasdaq composite, up just beneath 16%. With the double-digit gain, the grain-based foods index has risen four consecutive years and has gained ground in six of the last seven. The rise was the largest in six years, or since a 19.2% advance in 2006. The Grain-Based Foods Share Index easily beat out the consumer staples group within the S.&P.500, Waiting for a donut deal Donettes brand needs a buyer after Hostess goes out of business Story on Page 26 LATE NEWS Dunkin’ Brands testing gluten-free products CANTON, MASS. — Dunkin’ Brands Group, Inc. confirmed Jan. 3 that it is test marketing gluten-free products. “A few select Dunkin’ Donuts restaurants in the Boston and Miami area are currently carrying gluten-free muffins and donuts,” said Justin Drake, public relations manager at Canton-based Dunkin’ Brands. “These include blueberry muffins and cinnamon sugar donuts.” The company provided no additional information. “Glutenfree Foods and Beverages in the U.S.,” a report issued last year by Packaged Facts, said the market for gluten-free foods and beverages in Continued on Page 8 which rose 7.5%. It underperformed only two sectors of the S.&P., including consumer discretionary, up 22%; and financials, up 26%. Of 20 companies in the Grain-Based Foods Share Index that traded for the full year of 2012, 16 closed with gains and 3 sustained declines. One was Continued on Page 18 2008 farm bill extended under ‘fiscal cliff’ compromise WASHINGTON — The House of Representatives on the evening of Jan. 1, by a vote of 256 to 171, passed the American Taxpayer Relief Act of 2012. The act, in addition to preserving George W. Bush-era tax reductions for all but the wealthiest Americans and postponing until March 1 decisions on further deficit-reduction measures required to avoid automatic acrossthe-board cuts in defense and domestic programs, extended the current farm bill through Sept. 30. The Senate, where the compromise bill originated, passed the measure by a vote of 89 to 8 in the early hours of New Year’s Day. President Barack Obama signed the bill Jan. 2. The lame duck session of Congress was dominated by the drama and ultimately the scramble to avoid the so-called “fiscal cliff.” Vice-President Joe Biden and Senate Minority Leader Mitch McConnell, who crafted the compromise tax bill, ignored efforts of leaders of the congressional agriculture Continued on Page 12

Table of Contents for the Digital Edition of Milling & Baking News - January 8, 2013

Milling & Baking News - January 8, 2013
Stock Market Review - With 17.3% jump, grain-based shares close 2012 at record high
Late News - Dunkin’ Brands testing gluten-free products
2008 farm bill extended under ‘fiscal cliff’ compromise
Table of Contents
News/Comment - Decoupling sense clear in latest farm bill turn
Editorial - Optimism in covering grain-based foods
Late News
Business - Hostess narrowing bids, anticipates several buyers
Skinner investing in artisan baking facility in Texas
General Mills steadfast in strategy in cereal category
Bruegger’s Bagels expanding in three markets in Southeast
Dessert maker expanding with facility purchase in Colorado
Dave’s Killer Bread broadening beyond western U.S.
Consumers searching for healthy breakfast foods
Nutrition and Health - With new JAMA study, fructose subjected to renewed scrutiny
Industry Activities - A.S.B. names three to Baking Hall of Fame
Data - December wheat price up $1.13 from previous year
Significant strength seen in foreign grain-based foods performance during 2012
Bloomberg World Food Price Index closes up 11.3% from 2011
Donut Update - Waiting for a donut deal
Education and Research - Multinational group plans to boost wheat yields by 50%
Study raises new questions about health benefits of soy
DuPont and CSHL renew plant biology research effort
People - Nick Nicholas, co-founder of Alpha Baking, dies
Keith Benoit promoted at Ocean Spray
Ingredient Market Trends - Ag committees may face ‘starting from scratch’ on farm bill
Ingredient Week
Supplier Innovations
Marketplace Business Network
Ad Index

Milling & Baking News - January 8, 2013