Milling & Baking News - May 27, 2014 - (Page 1)

THE NEWS WEEKLY OF GRAIN-BASED FOODS MAY 27, 2014 / NEWS FEATURE Proposed Ardent Mills settlement announced by Justice Department To label or not to label Story on Page 40 LATE NEWS Grain Chain takes to Hill on guidelines WASHINGTON - Lee Sanders, senior vice-president of government relations and public affairs for the American Bakers Association, last week led members of a grain industry coalition known as the Grain Chain in conducting meetings with agency representatives and members of Congress influential to the completion of the 2015 Dietary Guidelines. The group held discussions with officials from the U.S. Department of Health and Human Services and the U.S. Department of Agriculture on the importance of whole and enriched grains in the American diet, as well as concerns over the Dietary Guidelines Advisory Continued on Page 12 WASHINGTON - The Department of Justice on May 20 said it has reached an agreement under which it will propose that ConAgra Foods Inc., Cargill and CHS Inc. would be allowed to combine their flour milling assets in a joint venture to be known as Ardent Mills. The agreement requires the companies to divest four of their 44 flour mills. The four mills to be sold are ConAgra mills in Oakland, Calif.; Saginaw, Texas; and New Prague, Minn.; and a Cargill mill in Los Angeles. ConAgra and Horizon Milling (an existing milling joint venture of Cargill and CHS) first announced plans in February to sell the four mills in a bid to secure government approval to complete the Ardent deal. In April, the companies said they had reached an agreement with Miller Milling Co., a division of Japan's Nisshin Seifun Group, under which Miller will acquire the four mills. In actions on May 20, the D.O.J. Antitrust Division filed a civil antitrust lawsuit in the U.S. District Court for the District of Columbia to block the proposed joint venture.  At the same time, the department filed a proposed settlement that, if approved by the court, "would resolve the competitive concerns alleged in the lawsuit." With the announcement, the companies said all needed regulatory clearances have been secured and that the transaction creating Ardent is expected to close on or about May 29. The companies said the sale of the four mills to Miller Milling is expected to be completed by that date. The proposed settlement will be published in the Federal Register, as required Continued on Page 14 Ingredient Update What's on - and not on - the label Consumers still seek fiber, protein and whole grains, but some avoid added sugars and gluten " N o" and "free" have become popular marketing words in the food industry. What is not on the ingredient list may be just as important as what is on it, judging by recent reports and surveys. The International Food Information Council Foundation 2014 Food & Health Survey released this month is no exception. When people in the survey were asked what they were trying to limit or avoid, 51% said added sugars, the top item. Trans fats (49%), high-fructose corn syrup (48%) and saturated fats (47%) followed. Marketing products with no trans fat became more popular in 2006 when the Food and Drug Administration mandated listing of trans fat on the Nutrition Facts Panel. Might a similar scenario arise for claims of no added sugars? The F.D.A. in the March 3 Federal Register of this year proposed listing added sugars on the Nutrition Facts Panel. Some consumers also are looking Continued on Page 35

Table of Contents for the Digital Edition of Milling & Baking News - May 27, 2014

Milling & Baking News - May 27, 2014
Proposed Ardent Mills settlement announced by Justice Department
Ingredient Update - What’s on – and not on – the label
Late News - Grain Chain takes to Hill on guidelines
Table of Contents
News/Comment - Reasons cited to celebrate per capita holding
Editorial - Fundamentals drive wheat prices
Late News
Business - Ardent partners’ enthusiasm undiminished by delays
Panera opens test bakery in Connecticut for new products
David’s Cookies grows in desserts, buying pie maker from bankruptcy
Mondelez to invest $40 million in Virginia bakery
Leaf Brands acquires trademark, looks to revive Hydrox cookies
Flowers hikes quarterly dividend 6.7%
Financial Results - Campbell baking unit earnings, sales slip; Pepperidge performance lags
Strong Hostess results prompting dividend payment requests
Flowers Foods results pinched by Hostess snack cake relaunch
Data - Quarterly flour total climbs to new peak; milling capacity surge
C.P.I. for baked foods, cereals again advances 0.1%
White pan bread, whole wheat prices rebound in month
People - Hostess Brands hires William Toler as president and chief executive
Belshaw leader drawn from cooking equipment industry
New chief development officer hired at Corner Bakery
International - Cocoa companies to build plants in Indonesia
Washington - To label or not to label
Weather Outlook - Late May U.S. weather change to benefit wheat, corn
House bill provides narrow increase in F.D.A. funding
House passes waterways enhancement measure by overwhelming margin
U.S.D.A. to allow schools flexibility on whole grain requirements
N.G.F.A. says CME needs plans in case of Globex outage
Supplier Innovations
Ingredient Market Trends - Hard winter wheat harvest gets under way
Ingredient Week
Marketplace Business Network
Ad Index

Milling & Baking News - May 27, 2014