Milling & Baking News - March 31, 2015 - 1

THE NEWS WEEKLY OF GRAIN-BASED FOODS
MARCH 31, 2015

bakingbusiness.com / foodbusinessnews.net

BAKING HALL OF FAME
2015 Baking Hall of Fame

2015

BAKING
HALL OF FAME
bakingbusiness.com / world-grain.com

Milling & Baking News

March 31, 2015 / 29

Story on Page 29

LATE NEWS

ConAgra loss tops
$954 million in quarter
OMAHA - Struggles in the company's store brand business led to a loss
of $954.1 million at ConAgra Foods,
Inc. in the third quarter ended Feb.
22, which compared with income of
$234.3 million, or 56c a share, in the
same period a year ago. The results
included a $1.3 billion charge taken
on the company's private brands
segment, which came on the heels
of a $247 million write-down on the
store-brand unit in the second quarter of fiscal 2015. Net sales fell 1.8%
to $3,876.7 million. Operating profit
in the company's Consumer Foods
unit increased 3% to $274.2 million
from $265.1 million, while sales fell
Continued on Page 8

Kraft Foods and H.J. Heinz in
definitive merger agreement
PITTSBURGH - The H.J. Heinz Co. and
Kraft Foods Group, Northfield, Ill., have
entered into an agreement to merge the
two companies. When the transaction is
completed, Heinz shareholders will own 51% of
the combined company
which is to be called The
Kraft Heinz Co.
The
combination will make The
Kraft Heinz Co. the
third largest food
company in North
America with estimated sales of $28 billion. Together the
new company will have eight brands
with sales in excess of $1 billion and
five brands with sales between $500
million and $1 billion. According to H.J.
Heinz, the complementary nature of the
two brand portfolios presents substantial opportunity for synergies, which
will result in increased investments in

marketing and innovation. A statement
outlining the merger estimated synergy
potential to be approximately $1.5 billion by the end of 2017.
In the most recent year,
Kraft Foods Group, Inc.,
had net earnings of $1,043
million on net revenues
of $18,205 million. The
company's net profits
were down 62% from
the year before.
In the company's
breakdown of its
business by segment,
Kraft estimated that Cheese accounted
for 22% of sales in 2015; Refrigerated
Meat, 19%; Beverages, 14%; Meals/
Desserts, 12%; Enhancers and Snack
Nuts, 11%; Canada, 11%; and Other
Businesses, 11%.
Kraft Foods Group was created in October 2012 in the breakup of Kraft Foods
Continued on Page 10

Millers forecast 16% decrease in
soft red winter wheat production
NAPLES, FLA. - A panel of millers
addressing the annual soft wheat division meeting of the North American Millers' Association at Naples on
March 17 forecast soft red winter wheat
production in 2015 at 380,869,000
bus, down 74,428,000 bus, or 16%,
from 455,297,000 bus in 2014. If the
forecast were to be realized, the 2015
soft red winter wheat crop would be

the smallest since 219,209,000 bus in
2010 and would compare with 421.7
million bus as the recent five-year average outturn.
Panelists indicated that production
would be lower in all principal regions
and in nearly all states. The widest production decline from 2014, 23%, was
forecast for the aggregated region embracing the South, the Delta states and
the Southwest. Eighteen per cent production decreases were forecast for the
Central states and Midwest. Narrower
declines from 2014 were forecast for the
Midwest and Mid-Atlantic states.
Grover Van Hoose, merchandising
manager, The Mennel Milling Co., Fostoria, Ohio, was chairman of the soft
Continued on Page 17


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Milling & Baking News - March 31, 2015

Table of Contents for the Digital Edition of Milling & Baking News - March 31, 2015

Milling & Baking News - March 31, 2015
Kraft Foods and H.J. Heinz in definitive merger agreement
Millers forecast 16% decrease in soft red winter wheat production
LATE NEWS - ConAgra loss tops $954 million in quarter
Table of Contents
News Comment - Little m.&a. fever revealed in market response to Kraft
Editorial - Omission from Kraft-Heinz products
Late News
Business - Flour report going live: NASS mailing surveys to mills
Grupo Bimbo sets plans to close Canada Bread plant in Nova Scotia
Monsanto settles with some growers over Oregon wheat incident
Barilla to move Region Americas headquarters in Illinois
Broadening breakfast platform, Taco Bell to debut Biscuit Taco
Bella Four ending bread, donut production in Hazelwood
Bunge sells Cincinnati grain elevator to Vogt Warehouse
Bill seeks to avoid patchwork of state G.M.O. labeling laws
NAWG hires legislative director
Industry Activities - N.G.F.A. seeks balanced approach to agricultural biotechnology
K.S.U. study findings may speed up wheat breeding cycles
Cain’s Tom McCurry to lead A.T.B.I.
People - Mondelez names Rob Hargrove as executive vice-president of R.D.&Q.
ADM appoints presidents for oil, oilseeds
Data - Retail bread prices reverse course in February
C.P.I. for baked foods, cereals eases 0.2% in February
Food Ingredient Solutions - More than whole grain
Taking whole grains global
Baking Hall of Fame 2015
Competitors enter Hall together
George E. Deese, Flowers Foods, Inc.
Donald K. Dubois, AIB International
Kermit and L.M. (Pete) Murphy, Mother Murphy’s Laboratories
Gary J. Prince, Bimbo Bakeries USA
Jonathan, Brett and Ross Warburton, Warburtons
Washington - Is trade reform coming?
Weather Outlook - World dry pockets dominated by western North America
Financial Results - S.k.u. rationalization in North America cuts into Aryzta revenue
While category soft, certain cereals sparkle for General Mills
MGP Ingredients turns corner with renewed profitability in fiscal 2014
Nutrition and Health - Key gaps in D.G.A.C. research on grains cited in Gaesser testimony
Ingredient Market Trends - I.G.C. sees 2015-16 world wheat crop down 1%
Ingredient Week
Supplier Innovations
Classifieds
Marketplace Business Network
Ad Index
Archive
Milling & Baking News - March 31, 2015 - LATE NEWS - ConAgra loss tops $954 million in quarter
Milling & Baking News - March 31, 2015 - 2
Milling & Baking News - March 31, 2015 - 3
Milling & Baking News - March 31, 2015 - News Comment - Little m.&a. fever revealed in market response to Kraft
Milling & Baking News - March 31, 2015 - 5
Milling & Baking News - March 31, 2015 - 6
Milling & Baking News - March 31, 2015 - Editorial - Omission from Kraft-Heinz products
Milling & Baking News - March 31, 2015 - Late News
Milling & Baking News - March 31, 2015 - 9
Milling & Baking News - March 31, 2015 - Business - Flour report going live: NASS mailing surveys to mills
Milling & Baking News - March 31, 2015 - Barilla to move Region Americas headquarters in Illinois
Milling & Baking News - March 31, 2015 - Bunge sells Cincinnati grain elevator to Vogt Warehouse
Milling & Baking News - March 31, 2015 - NAWG hires legislative director
Milling & Baking News - March 31, 2015 - Industry Activities - N.G.F.A. seeks balanced approach to agricultural biotechnology
Milling & Baking News - March 31, 2015 - Cain’s Tom McCurry to lead A.T.B.I.
Milling & Baking News - March 31, 2015 - ADM appoints presidents for oil, oilseeds
Milling & Baking News - March 31, 2015 - 17
Milling & Baking News - March 31, 2015 - Data - Retail bread prices reverse course in February
Milling & Baking News - March 31, 2015 - C.P.I. for baked foods, cereals eases 0.2% in February
Milling & Baking News - March 31, 2015 - Food Ingredient Solutions - More than whole grain
Milling & Baking News - March 31, 2015 - 21
Milling & Baking News - March 31, 2015 - 22
Milling & Baking News - March 31, 2015 - 23
Milling & Baking News - March 31, 2015 - 24
Milling & Baking News - March 31, 2015 - 25
Milling & Baking News - March 31, 2015 - Taking whole grains global
Milling & Baking News - March 31, 2015 - 27
Milling & Baking News - March 31, 2015 - 28
Milling & Baking News - March 31, 2015 - Baking Hall of Fame 2015
Milling & Baking News - March 31, 2015 - 30
Milling & Baking News - March 31, 2015 - 31
Milling & Baking News - March 31, 2015 - 32
Milling & Baking News - March 31, 2015 - Competitors enter Hall together
Milling & Baking News - March 31, 2015 - George E. Deese, Flowers Foods, Inc.
Milling & Baking News - March 31, 2015 - 35
Milling & Baking News - March 31, 2015 - 36
Milling & Baking News - March 31, 2015 - 37
Milling & Baking News - March 31, 2015 - Donald K. Dubois, AIB International
Milling & Baking News - March 31, 2015 - 39
Milling & Baking News - March 31, 2015 - 40
Milling & Baking News - March 31, 2015 - 41
Milling & Baking News - March 31, 2015 - Kermit and L.M. (Pete) Murphy, Mother Murphy’s Laboratories
Milling & Baking News - March 31, 2015 - 43
Milling & Baking News - March 31, 2015 - 44
Milling & Baking News - March 31, 2015 - 45
Milling & Baking News - March 31, 2015 - Gary J. Prince, Bimbo Bakeries USA
Milling & Baking News - March 31, 2015 - 47
Milling & Baking News - March 31, 2015 - 48
Milling & Baking News - March 31, 2015 - 49
Milling & Baking News - March 31, 2015 - Jonathan, Brett and Ross Warburton, Warburtons
Milling & Baking News - March 31, 2015 - 51
Milling & Baking News - March 31, 2015 - 52
Milling & Baking News - March 31, 2015 - 53
Milling & Baking News - March 31, 2015 - 54
Milling & Baking News - March 31, 2015 - Washington - Is trade reform coming?
Milling & Baking News - March 31, 2015 - Weather Outlook - World dry pockets dominated by western North America
Milling & Baking News - March 31, 2015 - 57
Milling & Baking News - March 31, 2015 - While category soft, certain cereals sparkle for General Mills
Milling & Baking News - March 31, 2015 - 59
Milling & Baking News - March 31, 2015 - MGP Ingredients turns corner with renewed profitability in fiscal 2014
Milling & Baking News - March 31, 2015 - Nutrition and Health - Key gaps in D.G.A.C. research on grains cited in Gaesser testimony
Milling & Baking News - March 31, 2015 - 62
Milling & Baking News - March 31, 2015 - Ingredient Market Trends - I.G.C. sees 2015-16 world wheat crop down 1%
Milling & Baking News - March 31, 2015 - Ingredient Week
Milling & Baking News - March 31, 2015 - 65
Milling & Baking News - March 31, 2015 - 66
Milling & Baking News - March 31, 2015 - 67
Milling & Baking News - March 31, 2015 - 68
Milling & Baking News - March 31, 2015 - 69
Milling & Baking News - March 31, 2015 - 70
Milling & Baking News - March 31, 2015 - 71
Milling & Baking News - March 31, 2015 - Supplier Innovations
Milling & Baking News - March 31, 2015 - 73
Milling & Baking News - March 31, 2015 - Classifieds
Milling & Baking News - March 31, 2015 - 75
Milling & Baking News - March 31, 2015 - Marketplace Business Network
Milling & Baking News - March 31, 2015 - Ad Index
Milling & Baking News - March 31, 2015 - Archive
Milling & Baking News - March 31, 2015 - 79
Milling & Baking News - March 31, 2015 - 80
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