Food Business News - July 5, 2011 - 63

Market commentary for two-week period endedquote 1, 2011 — unchanged ... No July

Tables in Ingredients Week use the following symbols:

Food Business News industry sector stock indexes
July 1 close Grain-based foods 12267.16 Meat and poultry 8496.06 Diversiﬁed food products 11552.10 Food ingredients 13591.46 Confectionery 12614.21 Produce 12085.29 Beverage, non-alcoholic 15837.11 Retailers 7203.91 — Change from — June 24 June 17 +316.74 +248.06 +211.17 +399.71 +280.32 +198.63 +278.21 +347.97 +253.64 +239.91 +548.56 +321.72 +555.13 +434.36 +74.95 +241.54 52-week High 12504.50 9994.40 11760.42 15188.48 12776.06 14927.43 16091.91 8077.02 Low 10324.10 7762.33 9807.19 10615.48 10238.31 10467.51 11894.27 6660.65

Food ingredient indexes
Vanilla ice cream Milk chocolate bar Mayonnaise Pork sausage Cheese pizza Frozen apple pie July 1 151.2 222.4 129.1 147.1 119.7 234.5 — Change from — June 24 June 17 -1.4 -3.6 — — -0.5 -2.4 +11.1 +11.1 -0.8 +1.5 -7.6 -10.4 Year ago 126.9 191.2 85.3 119.8 108.5 171.5

Indexes are based on ingredient costs using stardard industry formulas. The baseline of 100 points was established at the market close on March 4, 2005.

The FBN Grain Based Foods Share Index and its predecessor Milling and Baking indexes have been weekly features in Milling & Baking News for decades. For Food Business News, we have created an individual index for each of the principal sectors of the packaged foods industry. Each index is computed based on the weekly closing price from a number of publicly traded companies within the sector. Every indexed company has a market capitalization exceeding $100 million. The baseline of 10000 points has been established based on the market close on March 4, 2005. The Meat and Poultry index includes Sanderson Farms, Inc.; Hormel Foods; Tyson Foods, Inc.; and Smithﬁeld Foods, Inc. The Diversiﬁed Food Products index includes Campbell Soup Co.; ConAgra Foods, Inc.; General Mills, Inc.; Hain Celestial Group; HJ Heinz Co.; J.M. Smucker Co.; Kraft Foods Inc.; PepsiCo, Inc.; Ralcorp Holdings; and Sara Lee Corp. The Food Ingredients Index includes Archer Daniels Midland Co.; Bunge; Corn Products International, Inc.; M&F Worldwide Corp.; McCormick & Company, Inc.; and MGP Ingredients. The Confectionery index includes The Hershey Co. and Tootsie Roll Industries, Inc. The Produce index includes Calavo Growers, Inc.; Chiquita Brands International; and Seneca Foods Corp. The Beverage, non-alcoholic index includes The Coca-Cola Company, Inc.; Cott Corp.; Dr Pepper Snapple Group; Green Mountain Coffee Roasters; and National Beverage Corp. The Retailers index includes Kroger Co.; Safeway, Inc.; Supervalu and Wal-Mart Stores.

Bakery ingredient indexes
Bagel Cake donut Devil’s food cake Pasta Saltine cracker Shortbread cookie White pan bread July 1 293.3 193.3 217.6 456.3 186.7 209.2 223.4 — Change from — June 24 June 17 +4.7 -26.3 -1.4 -2.8 -0.3 -0.9 -1.1 +26.3 -9.8 -16.7 -3.1 -6.0 -2.7 -10.4 Year ago 194.7 154.6 188.9 143.2 162.0 175.6 155.4

Indexes are based on ingredient costs using standard formulas.

Specialty feed
$ per ton July 1 138.00 322.90 332.90 310.00 255.00 237.50 220.00 385.00 400.00 191.00 632.50 153.50 210.00 94.00 246.00 90.00 467.50 190.00 — Change from — June 24 June 17 +1.00 -22.00 -5.00 -21.10 -2.00 -16.10 -2.50 — -2.50 -5.00 -7.50 -7.50 — +10.00 — -35.00 — -25.00 +1.00 +1.00 — — +5.00 +4.50 -3.50 +2.50 -5.00 -10.00 -5.00 -1.00 -5.00 -10.00 -25.00 -60.00 -15.00 -20.00 Year ago 53.00 300.90 306.90 175.00 192.50 112.50 182.50 345.00 350.00 101.00 455.00 49.00 82.50 64.00 207.00 60.00 502.50 108.00

Energy
— Change from — Year Diesel fuel July 1 June 24 June 17 ago Retail, on-highway, $ per gallon East coast 3.914 -0.048 -0.054 2.975 Midwest 3.842 -0.062 -0.063 2.930 Gulf coast 3.834 -0.062 -0.062 2.893 Rocky Mountain 3.885 -0.074 -0.103 2.956 West coast 4.069 -0.087 -0.094 3.099 U.S. average 3.888 -0.062 -0.066 2.956 Natural gas Spot prices, $ per million BTU’s Henry hub 4.40 -0.02 -0.12 4.53 New York 4.77 -0.07 +0.01 4.82 Chicago 4.47 -0.05 -0.13 4.46 California average 4.50 -0.07 -0.12 4.21 Crude oil Spot prices, $ per barrel West Texas Intermediate 92.90 -0.80 -4.30 75.59 C.B.O.T. ethanol Nearby contract, $ per gallon 2.607 -0.026 -0.034 1.545
Energy Information Administration

K.C. bulk midds Soybean meal, 44%, K.C. Soybean meal, 47½%, K.C. Cottonseed meal, 41%, Memphis Linseed meal, 35%, Minneapolis Sunﬂower seed meal, 28%, Minneapolis Dehydrated alfalfa, 17%, Alf. Center Meat meal, 50%, Kansas City Meat meal, 50%, Chicago Corn gluten feed, 21%, Southwest Corn gluten meal, 60%, Southwest Corn gluten feed, 21%, Midwest truck Hominy feed, Kansas City (Northwest) Hominy feed, Chicago Hominy feed, California Hominy feed, Central Illinois Feather meal, K.C. Distillers dried grain

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Food Business News - July 5, 2011

Table of Contents for the Digital Edition of Food Business News - July 5, 2011
