Milling & Baking News - February 15, 2005 - 1
Theinewsweeklyiofigrain-basedifoods
Fiscal '06 ag budget promises
lower outlays, some controversies
WASHINGTON - Secretary of Agriculture
Mike Johanns on Feb. 7 released details
of President George W. Bush's fiscal 2006
budget for the U.S. Department of Agriculture. The budget would increase funding
to U.S.D.A. agriculture and food security
initiatives, fully fund commodity programs
but with some proposed reforms, increase
domestic food assistance programs while
reducing foreign food aid commitments
and tighten other discretionary spending.
"The President's agriculture budget is fiscally responsible, ensures a strong safety net
for farmers and ranchers and increases resources to help those in need," Mr. Johanns
FEBRUARY 15, 2005
bakingbusiness.com / world-grain.com
said. "The agriculture budget provides
funds to protect America's food supply and
agriculture systems, improve nutrition and
health, conserve and enhance our natural
resources and enhance economic opportunities for agricultural producers."
The budget projected fiscal 2006
U.S.D.A. outlays of $94.6 billion, down
$300 million from the estimate for the current fiscal year but up from $71.8 billion in
2004 and $72.4 billion in 2003.
Protein positives
Increase for food/farm security
The fiscal 2006 budget requested $376
Continued on Page 13
Major baking changes included
in Sara Lee restructuring plan
CHICAGO - A major corporate restructuring announced last week by Sara Lee
Corp. will result in important changes for
the company's baking group, including a
change in executive leadership as well as
the relocation of the business to Chicago
from St. Louis.
Plans for the corporate restructuring,
first hinted at last month in a quarterly
earnings report release, were detailed
LATE
Feb. 10 by the company's top executives.
In connection with what the company
called a "comprehensive transformation
plan designed to dramatically improve
the company's performance," Brenda C.
Barnes was named chief executive officer,
effective immediately.
She has replaced C. Steven McMillan,
60, who will remain with the company as
Continued on Page 12
NEWS
WASHINGTON - Production of flour by U.S. mills in 2004
totaled 389,865,000 cwts, down 1.6% from 396,215,000 in
2003, according to preliminary estimates by the U.S. Department of Commerce's Bureau of the Census. Output was the
smallest since 1995, when it was 388,689,000 cwts and was
31,405,000 cwts below the record 421,270,000 cwts set in
2000. The 24-hour capacity at yearend was 1,461,000 cwts,
down slightly from 1,512,000 a year ago. Rate of grind in 2004 averaged
Continued on Page 8
Flour output
off 1.6% from
prior year
inside
Story on Page 21
Meyer's Bakeries
selling assets, filing for
bankruptcy protection
HOPE, ARK. - Meyer's Bakeries, Inc.
last week announced several transactions
liquidating the assets of the Hope-based
baking company.
Gerald W. Hanna, president and chief
executive officer of Meyer's, said an "overwhelming debt load" necessitated the sales.
The majority owner of Meyer's since 1999
has been Ripplewood Holdings L.L.C., a
New York-based private equity firm.
Meyer's last week entered into an asset purchase agreement with an affiliate
of Harlan Bakeries, Inc., for the sale of
Meyer's baking business in Hope and in
Wichita, Kas.
In connection with the sale to Southern
Continued on Page 9
THIS WEEK
Whole grains
summit to
convene
in May
16
Executive
leadership
changes at
ADM
33
Ingredient
Wheat
carryover
forecast
lowered
44
Week
sponsored by
35
http://www.bakingbusiness.com
http://www.world-grain.com
Milling & Baking News - February 15, 2005
Table of Contents for the Digital Edition of Milling & Baking News - February 15, 2005
Contents
Milling & Baking News - February 15, 2005 - 1
Milling & Baking News - February 15, 2005 - 2
Milling & Baking News - February 15, 2005 - 3
Milling & Baking News - February 15, 2005 - Contents
Milling & Baking News - February 15, 2005 - 5
Milling & Baking News - February 15, 2005 - 6
Milling & Baking News - February 15, 2005 - 7
Milling & Baking News - February 15, 2005 - 8
Milling & Baking News - February 15, 2005 - 9
Milling & Baking News - February 15, 2005 - 10
Milling & Baking News - February 15, 2005 - 11
Milling & Baking News - February 15, 2005 - 12
Milling & Baking News - February 15, 2005 - 13
Milling & Baking News - February 15, 2005 - 14
Milling & Baking News - February 15, 2005 - 15
Milling & Baking News - February 15, 2005 - 16
Milling & Baking News - February 15, 2005 - 17
Milling & Baking News - February 15, 2005 - 18
Milling & Baking News - February 15, 2005 - 19
Milling & Baking News - February 15, 2005 - 20
Milling & Baking News - February 15, 2005 - 21
Milling & Baking News - February 15, 2005 - 22
Milling & Baking News - February 15, 2005 - 23
Milling & Baking News - February 15, 2005 - 24
Milling & Baking News - February 15, 2005 - 25
Milling & Baking News - February 15, 2005 - 26
Milling & Baking News - February 15, 2005 - 27
Milling & Baking News - February 15, 2005 - 28
Milling & Baking News - February 15, 2005 - 29
Milling & Baking News - February 15, 2005 - 30
Milling & Baking News - February 15, 2005 - 31
Milling & Baking News - February 15, 2005 - 32
Milling & Baking News - February 15, 2005 - 33
Milling & Baking News - February 15, 2005 - 34
Milling & Baking News - February 15, 2005 - 35
Milling & Baking News - February 15, 2005 - 36
Milling & Baking News - February 15, 2005 - 37
Milling & Baking News - February 15, 2005 - 38
Milling & Baking News - February 15, 2005 - 39
Milling & Baking News - February 15, 2005 - 40
Milling & Baking News - February 15, 2005 - 41
Milling & Baking News - February 15, 2005 - 42
Milling & Baking News - February 15, 2005 - 43
Milling & Baking News - February 15, 2005 - 44
Milling & Baking News - February 15, 2005 - 45
Milling & Baking News - February 15, 2005 - 46
Milling & Baking News - February 15, 2005 - 47
Milling & Baking News - February 15, 2005 - 48
Milling & Baking News - February 15, 2005 - 49
Milling & Baking News - February 15, 2005 - 50
Milling & Baking News - February 15, 2005 - 51
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https://www.nxtbook.com/sosland/mbn/2016_09_13
https://www.nxtbook.com/sosland/mbn/2016_08_30
https://www.nxtbook.com/sosland/mbn/2016_08_16
https://www.nxtbook.com/sosland/mbn/2016_08_02
https://www.nxtbook.com/sosland/mbn/2016_07_19
https://www.nxtbook.com/sosland/mbn/2016_07_05
https://www.nxtbook.com/sosland/mbn/2016_06_21
https://www.nxtbook.com/sosland/mbn/2016_06_07
https://www.nxtbook.com/sosland/mbn/2016_05_24
https://www.nxtbook.com/sosland/mbn/2016_05_10
https://www.nxtbook.com/sosland/mbn/2016_04_26
https://www.nxtbook.com/sosland/mbn/2016_04_12
https://www.nxtbook.com/sosland/mbn/2016_03_29
https://www.nxtbook.com/sosland/mbn/2016_03_15
https://www.nxtbook.com/sosland/mbn/2016_03_01
https://www.nxtbook.com/sosland/mbn/2016_02_16
https://www.nxtbook.com/sosland/mbn/2016_02_02
https://www.nxtbook.com/sosland/mbn/2016_01_19
https://www.nxtbook.com/sosland/mbn/2016_01_05
https://www.nxtbook.com/sosland/mbn/2015_12_22
https://www.nxtbook.com/sosland/mbn/2015_12_08
https://www.nxtbook.com/sosland/mbn/2015_11_24
https://www.nxtbook.com/sosland/mbn/2015_11_10
https://www.nxtbook.com/sosland/mbn/2015_10_27
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https://www.nxtbook.com/sosland/mbn/2015_08_18
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https://www.nxtbook.com/sosland/mbn/2015_07_21
https://www.nxtbook.com/sosland/mbn/2015_07_07
https://www.nxtbook.com/sosland/mbn/2015_06_23
https://www.nxtbook.com/sosland/mbn/2015_06_09
https://www.nxtbook.com/sosland/mbn/2015_05_26
https://www.nxtbook.com/sosland/mbn/2015_05_12
https://www.nxtbook.com/sosland/mbn/2015_04_28
https://www.nxtbook.com/sosland/mbn/2015_04_014
https://www.nxtbook.com/sosland/mbn/2015_03_31
https://www.nxtbook.com/sosland/mbn/2015_03_17
https://www.nxtbook.com/sosland/mbn/mbn/2015_03__03
https://www.nxtbook.com/sosland/mbn/2015_02_17
https://www.nxtbook.com/sosland/mbn/2015_02_03
https://www.nxtbook.com/sosland/mbn/2015_01_20
https://www.nxtbook.com/sosland/mbn/2015_01_06
https://www.nxtbook.com/sosland/mbn/2014_12_23
https://www.nxtbook.com/sosland/mbn/2014_12_09
https://www.nxtbook.com/sosland/mbn/mbn_2014_11_25
https://www.nxtbook.com/sosland/mbn/2014_11_11
https://www.nxtbook.com/sosland/mbn/2014_10_28
https://www.nxtbook.com/sosland/mbn/2014_10_14
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https://www.nxtbook.com/sosland/mbn/2014_09_16
https://www.nxtbook.com/sosland/mbn/2014_09_02
https://www.nxtbook.com/sosland/mbn/214_08_19
https://www.nxtbook.com/sosland/mbn/2014_08_01
https://www.nxtbook.com/sosland/mbn/2014_07_22
https://www.nxtbook.com/sosland/mbn/2014_07_08
https://www.nxtbook.com/sosland/mbn/2014_06_24
https://www.nxtbook.com/sosland/mbn/2014_06_10
https://www.nxtbook.com/sosland/mbn/2014_05_27
https://www.nxtbook.com/sosland/mbn/2014_05_13
https://www.nxtbook.com/sosland/mbn/2014_04_29
https://www.nxtbook.com/sosland/mbn/2014_04_15
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https://www.nxtbook.com/sosland/mbn/2014_03_18
https://www.nxtbook.com/sosland/mbn/2014_03_04
https://www.nxtbook.com/sosland/mbn/2014_02_18
https://www.nxtbook.com/sosland/mbn/2014_02_04
https://www.nxtbook.com/sosland/mbn/2014_01_21
https://www.nxtbook.com/sosland/mbn/2014_01_07
https://www.nxtbook.com/sosland/mbn/2013_12_24
https://www.nxtbook.com/sosland/mbn/2013_12_10
https://www.nxtbook.com/sosland/mbn/2013_11_26
https://www.nxtbook.com/sosland/mbn/2013_11_12
https://www.nxtbook.com/sosland/mbn/2013_10_29
https://www.nxtbook.com/sosland/mbn/2013_10_15
https://www.nxtbook.com/sosland/mbn/2013_10_01
https://www.nxtbook.com/sosland/mbn/2013_09_17
https://www.nxtbook.com/sosland/mbn/2013_09_03
https://www.nxtbook.com/sosland/mbn/2013_08_20
https://www.nxtbook.com/sosland/mbn/2013_08-06
https://www.nxtbook.com/sosland/mbn/2013_07_23
https://www.nxtbook.com/sosland/mbn/2013_07_09
https://www.nxtbook.com/sosland/mbn/2013_06_25
https://www.nxtbook.com/sosland/mbn/2013_06_11
https://www.nxtbook.com/sosland/mbn/2013_05_28
https://www.nxtbook.com/sosland/mbn/2013_05_14
https://www.nxtbook.com/sosland/mbn/2013_04_30
https://www.nxtbook.com/sosland/mbn/2013_04_16
https://www.nxtbook.com/sosland/mbn/2013_04_02
https://www.nxtbook.com/sosland/mbn/2013_03_19
https://www.nxtbook.com/sosland/mbn/2013_03_05
https://www.nxtbook.com/sosland/mbn/2013_02_19
https://www.nxtbook.com/sosland/mbn/2013_02_05
https://www.nxtbook.com/sosland/mbn/2013_01_22
https://www.nxtbook.com/sosland/mbn/2013_01_08
https://www.nxtbook.com/sosland/mbn/2012_12_25
https://www.nxtbook.com/sosland/mbn/2012_12_11
https://www.nxtbook.com/sosland/mbn/2012_11_27
https://www.nxtbook.com/sosland/mbn/2012_11_13
https://www.nxtbook.com/sosland/mbn/2012_10_30
https://www.nxtbook.com/sosland/mbn/2012_10_16
https://www.nxtbook.com/sosland/mbn/2012_10_02
https://www.nxtbook.com/sosland/mbn/2012_09_18
https://www.nxtbook.com/sosland/mbn/2012_09_04
https://www.nxtbook.com/sosland/mbn/2012_08_21
https://www.nxtbook.com/sosland/mbn/2012_08_07
https://www.nxtbook.com/sosland/mbn/2012_07_24
https://www.nxtbook.com/sosland/mbn/2012_07_10
https://www.nxtbook.com/sosland/mbn/2012_06_26
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https://www.nxtbook.com/sosland/mbn/2012_04_17
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https://www.nxtbook.com/sosland/mbn/2012_03_20
https://www.nxtbook.com/sosland/mbn/2012_03_06
https://www.nxtbook.com/sosland/mbn/2012_02_21
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https://www.nxtbook.com/sosland/mbn/2012_01_24
https://www.nxtbook.com/sosland/mbn/2012_01_10
https://www.nxtbook.com/sosland/mbn/2011_12_27
https://www.nxtbook.com/sosland/mbn/2011_12_13
https://www.nxtbook.com/sosland/mbn/2011_11_29
https://www.nxtbook.com/sosland/mbn/2011_11_15
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https://www.nxtbook.com/sosland/mbn/2011_10_18
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https://www.nxtbook.com/sosland/mbn/2011_08_23
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https://www.nxtbook.com/sosland/mbn/2011_07_26
https://www.nxtbook.com/sosland/mbn/2011_07_12
https://www.nxtbook.com/sosland/mbn/2011_06_28
https://www.nxtbook.com/sosland/mbn/2011_06_14
https://www.nxtbook.com/sosland/mbn/2011_05_31
https://www.nxtbook.com/sosland/mbn/2011_05_17
https://www.nxtbook.com/sosland/mbn/2011_05_03
https://www.nxtbook.com/sosland/mbn/2011_04_19
https://www.nxtbook.com/sosland/mbn/2011_04_05
https://www.nxtbook.com/sosland/mbn/2011_03_22
https://www.nxtbook.com/sosland/mbn/2011_03_08
https://www.nxtbook.com/sosland/mbn/2011_02_22
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https://www.nxtbook.com/sosland/mbn/2011_01_25
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https://www.nxtbook.com/sosland/mbn/2010_12_28
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https://www.nxtbook.com/sosland/mbn/2010_10_19
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https://www.nxtbook.com/sosland/mbn/2010_09_21
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https://www.nxtbook.com/sosland/mbn/2010_04_06
https://www.nxtbook.com/sosland/mbn/2010_03_23
https://www.nxtbook.com/sosland/mbn/2010_03_09
https://www.nxtbook.com/sosland/mbn/2010_02_23
https://www.nxtbook.com/sosland/mbn/2010_02_09
https://www.nxtbook.com/sosland/mbn/2010_01_26
https://www.nxtbook.com/sosland/mbn/2010_01_12
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https://www.nxtbook.com/sosland/mbn/2009_09_22
https://www.nxtbook.com/sosland/mbn/2009_09_08
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https://www.nxtbook.com/sosland/mbn/2009_06_02
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https://www.nxtbook.com/sosland/mbn/2009_04_21
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https://www.nxtbook.com/sosland/mbn/2009_04_07
https://www.nxtbook.com/sosland/mbn/2009_03_24
https://www.nxtbook.com/sosland/mbn/2009_03_10
https://www.nxtbook.com/sosland/mbn/2009_02_24
https://www.nxtbook.com/sosland/mbn/2009_02_10
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https://www.nxtbook.com/sosland/mbn/2008_11_18
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https://www.nxtbook.com/sosland/mbn/2008_10_21
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https://www.nxtbook.com/sosland/mbn/2008_09_23
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https://www.nxtbook.com/sosland/mbn/2008_04_22
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https://www.nxtbook.com/sosland/mbn/2008_04_01
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https://www.nxtbook.com/sosland/mbn/2004_07_27
https://www.nxtbook.com/sosland/mbn/2004_07_20
https://www.nxtbook.com/sosland/mbn/2004_07_13
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