Milling & Baking News - May 26, 2015 - (Page 49)

Ingredient Market Trends Weekly Spotlight Winter wheat harvest under way T Indexes White Pan Bread Ingredients Devil's Food Snack Cake Ingredients he 2015 winter wheat harvest was under way in the South. Progress was expected to be slow in many areas because of heavy spring rains. This was true for the Texas harvest, where waves of strong rainstorms ended a drought. The U.S. Department of Agriculture field office in Texas indicated 1% of the state's wheat crop was harvested by May 17 compared with 5% on the same date a year ago and 4% as the recent five-year average for the date. The U.S.D.A. noted continued rainfall delayed the wheat harvest in the south central, upper coast, coastal bend and south Texas regions. Most of the wheat in southern areas of Texas is tributary to the Gulf export elevators. Once the harvest expands into central Texas, the Fort Worth Grain Exchange will begin to receive sample carlots, and the market anticipated its observations. The Texas 2015 harvest was expected to be nearly twice as large as the 2014 harvest. The U.S.D.A. on May 12 forecast the Texas crop at 131 million bus. It would be the largest Texas crop since 141 million bus in 2007 and compare with 81 million bus as the recent fiveyear average Texas outturn. The U.S.D.A. indicated the soft red winter wheat harvest has begun in the Delta states and deep South. The Louisiana winter wheat harvest was 11% completed by May 17 compared with none harvested by the same date in 2014 and with 23% as the recent five-year average for the date. Harvest progress was slowed by rain. The Alabama winter wheat harvest was 11% completed by May 17 compared with 2% a year ago and 4% as the average for the date. The Georgia harvest was 9% completed compared with 8% last year and 15% as the average. Georgia producers indicated disease pressure in the fields, which seemed to confirm concerns of regional flour millers. MBN Avian influenza crisis worsens Price Indicators 2 3 THIS LAST WEEKS WEEKS WEEK WEEK AGO AGO Pan-bread flour Wheat futures, K.C., July Hard winter premiums, 12.2% protein Millfeed, K.C., 30-day Soybean oil Cane sugar Cocoa / News 49 / July 3, 2007 Milling & Baking T he worst outbreak of highly pathogenic avian influenza (HPAI) in U.S. history continued to worsen last week with no end in sight. The virus has claimed 39.2 million birds to date, including about 33 million chickens, equal to 11% of the U.S. laying flock. Iowa, the nation's largest egg-producing state, has lost about 26 million chickens, equal to 45% of its laying hen flock of 58.3 million birds, which is 19% of the U.S. total. That's troubling for bakers and food processors using eggs or egg products since 90% of Iowa's eggs are processed. Since May 1, breaking egg prices have tripled to record highs last week, while prices of liquid egg products have surged 50% to 160%, frozen items 40% to 105% and dried products 20% to 70% in the same time period. But the greatest concern was availability of egg products as food manufacturers worry they may not be able to find adequate supplies at any price. Late last week the American Bakers Association urged the government to temporarily allow increased egg product imports to help offset the shortage. The crisis has a broad impact. The massive loss of birds has reduced feed demand, including corn, soybean meal and millfeed. There have been layoffs at poultry processing plants, financial strain on producers whose entire flocks have been euthanized (although the government compensates producers for losses) and retail egg prices are increasing. MBN Milling & Baking News / 49 May 26, 2015 /

Table of Contents for the Digital Edition of Milling & Baking News - May 26, 2015

Milling & Baking News - May 26, 2015
Ingredient Update - Winds of change blow through ingredient fundamentals
Stay true to the science, grains group tells guidelines committee
Late News - Campbell baking and snacking unit strong
Table of Contents
News Comment - Asia trade pact crucially important to farm sector
Editorial - Flour output data point to eating trends
Late News
Business - ConAgra Foods to close Wisconsin cookie plant
Mondelez considering changes at Chicago bakery
ADM to acquire Chinese sweetener business
Ardent Mills showcases capabilities with bakery, kitchen on wheels
General Mills wants more from the core of its business
Kellogg’s Bryant: Signs show that cereal trends are improving
Financial Results - Investments a drag on Weston Foods first-quarter income
Post Holdings embraces move to value-oriented R.-T.-E. cereal
Post consolidating cereal businesses
News Feature - Baking mix brand conquers challenges in gluten-free innovation
Exports and Trade Issues - Growth in China’s imports of U.S. agricultural goods slows…for now
People - Former Darden executive to president of Panera Bread
Steve Cooper joins Schwebel Baking as chief operating officer
William Fife, longtime A.S.B. and B.C.C. member, dies
IFIC survey again finds people seek whole grains, fiber
Washington - The unsettled G.M.O. world
Weather Outlook - U.S. Plains rain puts end to multi-year drought
Guidelines timeline
Education and Research - Global warming seen causing wheat yield declines
Supplier Innovations
Ingredient Market Trends - Winter wheat harvest under way
Ingredient Week
Marketplace Business Network
Ad Index

Milling & Baking News - May 26, 2015