Milling & Baking News - February 17, 2015 - (Page 1)

THE NEWS WEEKLY OF GRAIN-BASED FOODS FEBRUARY 17, 2015 / FOOD SERVICE UPDATE Statts offers update amid radically altered energy market landscape Restaurants push pizza crusts, on-line orders Story on Page 31 LATE NEWS Former Hillshire c.e.o. to head ConAgra OMAHA - Sean M. Connolly will become chief executive officer of ConAgra Foods, Inc., effective April 6, the company announced Feb. 12. The announcement came six months to the day after Gary M. Rodkin announced plans to retire as c.e.o. at the end of the fiscal year in May. Mr. Rodkin will serve as a senior adviser to Connolly the company between April 6 and the end of May. Most recently Mr. Connolly was president and c.e.o. of The Hillshire Brands Co. from the time the Continued on Page 8 LOUISVILLE, KY. - Despite relentlessly "Prices may bounce up to the low $3s strong domestic demand, natural gas late in the spring before falling back toprices are expected to remain far below ward the lows in the third quarter." year-earlier levels into the spring, said Even as recently as December, such a Tim Statts, vice-president of Brent crude oil risk management, Schneider per barrel Electric, Louisville. $160 Mr. Statts offered an up$140 date on natural gas, crude $120 oil and electricity prices in a $100 Feb. 10 interview with Mill$80 ing & Baking News He has $60 been a regular speaker each $40 June for several years cover$20 ing energy markets at the $0 annual Sosland Publishing May May May May May May May May May Co. Purchasing Seminar. 2006 2007 2008 2009 2010 2011 2012 2013 2014 Like the plunge in crude oil, the decline in natural gas has left low price range may have been difficult prices at levels difficult to imagine a to envisage. The Henry Hub spot price short time back. No significant rally is for natural gas peaked at $8.15 on Feb. 10, 2014, before sliding to about $4.50 imminent, Mr. Statts said. "We think we have a good shot of hit- in early June. Prices gradually eroded ting $2.25 (per million BTU's)," he said. Continued on Page 22 In clash with union, Kellogg warns cereal plant closing may be ahead BATTLE CREEK, MICH. - The Kellogg Co. said it will have "no choice" but to close at least one U.S. cereal plant in the "very near future" if it is unable to come to terms with the Bakery, Confectionary, Tobacco and Grain Millers (B.C.T.G.M.) Union. Kellogg submitted a Memorandum of Agreement (M.O.A.) to the B.C.T.G.M. late last year that was not ratified when voted upon by union members in December. According to Kellogg, the M.O.A. would have addressed the immediate needs of the company's cereal business and would have guaranteed jobs at its cereal plants for at least the next four years. "Kellogg Co. is committed to the longterm health of our cereal network in the U.S.," the company said in a statement issued Feb. 2. "For many years, employees at our cereal plants have been making high-quality, nutritious foods so people can have a better start to their day. And we want them to continue doing so for many years to come. "However, given the current environment, that's become increasingly Continued on Page 12

Table of Contents for the Digital Edition of Milling & Baking News - February 17, 2015

Milling & Baking News - February 17, 2015
Statts offers update amid radically altered energy market landscape
In clash with union, Kellogg warns cereal plant closing may be ahead
Late News - Former Hillshire c.e.o. to head ConAgra
Table of Contents
News Comment - Prices down at two levels boost retail market
Editorial - Easing embargo on Cuba a world gain
Late News
Business - Prominent supermarket chains face suits over ‘baked in store’ claims
Luciano updates analysts on ADM integration of Wild Flavors
Grupo Bimbo completes $100 million purchase of Saputo Bakery
Snyder’s-Lance creates Clearview Foods division, with health focus
ConAgra to cease RyKrisp production
Financial Results - Flowers adjusted income flat in 2014, higher in last quarter
Post executives look to inject renewed energy in to PowerBar
Showing broad-based strength, ADM earnings rise sharply in 2014
Frito-Lay, Quaker deliver strong performance at PepsiCo
Merchandising - MOM debuts new marketing campaign
Kellogg broadens Eggo line with launch of breakfast sandwiches
Orlando Baking adds pepperoni rolls, ciabatta dough to frozen line
People - Antoine Chagnon named president, chief executive officer of Lallemand
McKinstray set to succeed Addis leading Andersons Grain Group
Food Service Update - Restaurants push pizza crusts, on-line orders
Debate centers on how much U.S.D.A. rules affect school meal participation
Weather Outlook - Drought will linger in California, south U.S. plains into spring
Industry Activities - Fighter pilots to participate in baker training at BEMA Summit
U.S. Wheat Associates names Dalton Henry as new director of policy
International - Flour exports rise, but near lowest level in recent years
Washington - F.D.A. seeks 28% increase for food safety budget in fiscal ‘ 16
Administration renews effort to secure greater flexibility in food aid
Health and Wellness - General Mills, Kellogg eliminating BHT from cereals; Hari launches campaign
Supplier Innovations
Ingredient Market Trends - U.S.D.A. raises forecast for world wheat ending stocks
Ingredient Week
Marketplace Business Network
Ad Index

Milling & Baking News - February 17, 2015