Milling & Baking News - January 5, 2016 - 1

THE NEWS WEEKLY OF GRAIN-BASED FOODS
JANUARY 5, 2016

bakingbusiness.com / foodbusinessnews.net

DONUT UPDATE

Stock Market Analysis

With volume soft, bold action
expected from food executives in 2016

E

Clear out space for
miniature donuts
Story on Page 32

LATE NEWS

Grain-based foods
shares up in 2015
NEW YORK - The Grain-Based
Foods Share Index, calculated by
Milling & Baking News, ended 2015 at
21225.54, up 4.3% from 20342.89 at the
conclusion of 2014. It was the seventh
straight year the grain-based foods
index ended with an advance. The
strength in the index contrasted with
the performance of the broad stock
market during the year. The 4.3%
gain compared with a 2.2% decline in
the Dow Jones average of industrial
shares and a 0.7% decline in the Standard & Poor's 500 Index. The Nasdaq
composite index was up 5.7% for the
year. (A comprehensive review of
grain-based foods share performance
Continued on Page 8

ven as share prices of consumer packaged foods companies
generally performed well in
2015, buoyed by a variety of forces,
investment analysts said the sectors
fundamentals remain challenged
when it comes to a most basic ingredient of long-term business success -
consumer demand.
"It was a very tough year for the
U.S. food industry largely because
volumes were very challenging," said
Farha Aslam, an analyst with Stephens, Inc., New York.
While volumes have been under
pressure for several years, an improved economic environment had
generated confidence that the slump
in food demand would reverse.
"As their incomes improved and oil
prices came down, the consumer has
chosen to spend their money outside

the grocery stores on products like
technology rather than incremental
food volumes," Ms. Aslam said. "Given you had rising income and lower
fuel prices, there were expectations
the consumer would spend some of
the incremental discretionary funds
Continued on Page 22

St. Louis-area flooding disrupts
milling operations
KANSAS CITY - Flooding, including
some record-high river levels, brought
flour milling and elevator operations to a
near halt and barge traffic to a complete
halt in the St. Louis region during the last
week of the year and into early 2016.
Four major flour mills in the region
were either closed due to the floods directly or were unable to get wheat in
and flour and byproducts out due to

flooded roads and railroads last week,
trade sources said.
Affected facilities in the region included the ADM Milling Co. mill and U.S.
Durum Milling, Inc. (Italgrani U.S.A.,
Inc.) mill, both in St. Louis, and Ardent
Mills plants in Alton, Ill., just north of St.
Louis, and in Chester, Ill., several miles
to the south. The impact ranged from
actual flood waters in the Ardent Mills
facility in Chester to logistics problems
at the ADM Milling plant, which was on
higher ground and continued to operate.
Milling executives reached by Milling
& Baking News said the floods have not
kept them from meeting their customers' needs.
"Mississippi River Locks 27, located
Continued on Page 10


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Milling & Baking News - January 5, 2016

Table of Contents for the Digital Edition of Milling & Baking News - January 5, 2016

Milling & Baking News - January 5, 2016
St. Louis-area flooding disrupts milling operations
Late News - Grain-based foods shares up in 2015
Table of Contents
News Comment - Food trend prophets are not Las Vegas odds makers
Editorial - A time of great change in publishing
Late News
Business - Panera sees better food coming from responsibility initiative
ADM celebrates safety record at flour mill in Missouri
Whole Foods experts see alternative flours as a top trend in 2016
F.D.A. extends period for comments on natural labeling claims
International - W.T.O. ministerial conference adopts export subsidy ban
ADM acquires interest in Egyptian agricultural merchandiser
People - Cargill executive Todd Hall joins company’s board of directors
Rindom to newly created role of chief administrative officer at MGPI
Alfonso Argudin to vice-president of global marketing at Bimbo
John Sheptor to lead Mary’s Gone Crackers as c.e.o.
Financial Results - Krispy Kreme Panthers promotion helps lift quarterly financials
Industry Activities - Subway pledges transition to cage-free eggs by 2025
A.S.B. names product development competition finalists
Nutrition and Health - Study shows Salmonella can survive months in sandwich cookies, crackers
With initiative, children seeing more ads for healthier foods
Education and Research - U.S. research effort aims to lift global wheat yields
K.S.U. research seen helping mills optimize flour purity
Donut Update - Clear out space for miniature donuts
Exchange rate hinders global expansion for chains
Export and Trade Issues - Argentina taking more aggressive stance in pursuit of wheat exports
Ingredient Market Trends - Grower groups applaud end to export subsidies, with caveats
Ingredient Week
Supplier Innovations
Classifieds
Marketplace Business Network
Ad Index
Archive
Milling & Baking News - January 5, 2016 - Late News - Grain-based foods shares up in 2015
Milling & Baking News - January 5, 2016 - 2
Milling & Baking News - January 5, 2016 - 3
Milling & Baking News - January 5, 2016 - News Comment - Food trend prophets are not Las Vegas odds makers
Milling & Baking News - January 5, 2016 - 5
Milling & Baking News - January 5, 2016 - 6
Milling & Baking News - January 5, 2016 - Editorial - A time of great change in publishing
Milling & Baking News - January 5, 2016 - Late News
Milling & Baking News - January 5, 2016 - 9
Milling & Baking News - January 5, 2016 - 10
Milling & Baking News - January 5, 2016 - ADM celebrates safety record at flour mill in Missouri
Milling & Baking News - January 5, 2016 - F.D.A. extends period for comments on natural labeling claims
Milling & Baking News - January 5, 2016 - 13
Milling & Baking News - January 5, 2016 - ADM acquires interest in Egyptian agricultural merchandiser
Milling & Baking News - January 5, 2016 - Rindom to newly created role of chief administrative officer at MGPI
Milling & Baking News - January 5, 2016 - Financial Results - Krispy Kreme Panthers promotion helps lift quarterly financials
Milling & Baking News - January 5, 2016 - A.S.B. names product development competition finalists
Milling & Baking News - January 5, 2016 - Nutrition and Health - Study shows Salmonella can survive months in sandwich cookies, crackers
Milling & Baking News - January 5, 2016 - With initiative, children seeing more ads for healthier foods
Milling & Baking News - January 5, 2016 - K.S.U. research seen helping mills optimize flour purity
Milling & Baking News - January 5, 2016 - 21
Milling & Baking News - January 5, 2016 - 22
Milling & Baking News - January 5, 2016 - 23
Milling & Baking News - January 5, 2016 - 24
Milling & Baking News - January 5, 2016 - 25
Milling & Baking News - January 5, 2016 - 26
Milling & Baking News - January 5, 2016 - 27
Milling & Baking News - January 5, 2016 - 28
Milling & Baking News - January 5, 2016 - 29
Milling & Baking News - January 5, 2016 - 30
Milling & Baking News - January 5, 2016 - 31
Milling & Baking News - January 5, 2016 - Exchange rate hinders global expansion for chains
Milling & Baking News - January 5, 2016 - 33
Milling & Baking News - January 5, 2016 - Export and Trade Issues - Argentina taking more aggressive stance in pursuit of wheat exports
Milling & Baking News - January 5, 2016 - Ingredient Market Trends - Grower groups applaud end to export subsidies, with caveats
Milling & Baking News - January 5, 2016 - Ingredient Week
Milling & Baking News - January 5, 2016 - 37
Milling & Baking News - January 5, 2016 - 38
Milling & Baking News - January 5, 2016 - 39
Milling & Baking News - January 5, 2016 - 40
Milling & Baking News - January 5, 2016 - 41
Milling & Baking News - January 5, 2016 - 42
Milling & Baking News - January 5, 2016 - 43
Milling & Baking News - January 5, 2016 - 44
Milling & Baking News - January 5, 2016 - Supplier Innovations
Milling & Baking News - January 5, 2016 - Classifieds
Milling & Baking News - January 5, 2016 - Marketplace Business Network
Milling & Baking News - January 5, 2016 - 48
Milling & Baking News - January 5, 2016 - Ad Index
Milling & Baking News - January 5, 2016 - Archive
Milling & Baking News - January 5, 2016 - 51
Milling & Baking News - January 5, 2016 - 52
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