Milling & Baking News - January 26, 2010 - 1
THE NEWS WEEKLY OF GRAIN-BASED FOODS
JANUARY 26, 2010
bakingbusiness.com / foodbusinessnews.net
NEWS
Stock Market Analysis
Takeover storm ahead for
grain-based foods?
A
Agriculture and
climate change
Story on Page 26
LATE NEWS
Jeb Bush to address
A.B.A. annual meeting
WASHINGTON - Former Governor
Jeb Bush of Florida will be the keynote speaker at the annual convention
of the American Bakers Association.
Mr. Bush will speak March 15 at the
Allied Trades of the Baking Industry
breakfast. The meeting will be held
March 13-17 at the Boca Raton Resort
and Club in Boca Raton, Fla. "Governor Bush will be a tremendous source
of insight and inspiration to our
members, and we are thrilled to have
a leader of such caliber participating in our event," said Robb MacKie,
A.B.A. president and chief executive officer. Mr. MacKie noted that
the annual meeting's theme will be
Continued on Page 8
wave of merger and acquisition activity the likes of
which have not be seen in
nearly a decade may
be beginning to take
shape in the food
processing industry,
said Eric Katzman, an
analyst with Deutsche
Bank, New York.
Mr. Katzman and
Mitch Pinheiro, an analyst with Janney Montgomery Scott
L.L.C., Philadelphia, offered their
perspectives on the outlook for food
processing companies in recent interviews with Milling & Baking News.
In addition to expanded merger
and acquisition transactions, the analysts identified promotional activity
and other deflationary pressure as
creating a major question mark for the
industry in the year ahead.
While buyers were
the principal drivers of
the last wave of takeover activity around
the year 2000, sellers,
jarred by severe market swings of the past
two years, may be the
principal movers during the next round, Mr. Katzman said.
"I think that a lot of the families and
foundations and trusts that control
public companies today are finally
considering for the first time, 'What
do the next 5 to 10 years look like?'"
he said. "They want to know what
Continued on Page 18
Winter wheat planted area the
smallest since 1913
WASHINGTON - The National Agricultural Statistics Service of the U.S.
Department of Agriculture on Jan. 12
estimated the area planted to winter
wheat for harvest in 2010 at 37,097,000
acres, down 14% from 43,311,000 acres in
2009 and down 20% from the recent largest winter wheat area of 46,307,000 acres
in 2008. The estimate for the current
year marked the smallest area planted to
winter wheat in the United States since
1913 and was well below the lowest of
pre-report trade estimates.
Of the principal winter wheat regions,
only the Pacific Northwest increased
plantings from a year ago. There was a
10% reduction in planted area in the hard
winter wheat belt of the Southwest. The
most severe losses in winter wheat area
were indicated in the soft red winter wheat
states of the Southeast and Central states.
"Seeding began in August and by midSeptember was behind the five-year average," the U.S.D.A. stated in commentary
accompanying the planting data. "The
late row crop harvest and wet weather
delayed planting in most states."
The U.S.D.A. estimated area planted
to hard red winter wheat for 2010 at
around 27.8 million acres, down 12%
Continued on Page 15
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Milling & Baking News - January 26, 2010
Table of Contents for the Digital Edition of Milling & Baking News - January 26, 2010
Contents
Milling & Baking News - January 26, 2010 - 1
Milling & Baking News - January 26, 2010 - 2
Milling & Baking News - January 26, 2010 - 3
Milling & Baking News - January 26, 2010 - Contents
Milling & Baking News - January 26, 2010 - 5
Milling & Baking News - January 26, 2010 - 6
Milling & Baking News - January 26, 2010 - 7
Milling & Baking News - January 26, 2010 - 8
Milling & Baking News - January 26, 2010 - 9
Milling & Baking News - January 26, 2010 - 10
Milling & Baking News - January 26, 2010 - 11
Milling & Baking News - January 26, 2010 - 12
Milling & Baking News - January 26, 2010 - 13
Milling & Baking News - January 26, 2010 - 14
Milling & Baking News - January 26, 2010 - 15
Milling & Baking News - January 26, 2010 - 16
Milling & Baking News - January 26, 2010 - 17
Milling & Baking News - January 26, 2010 - 18
Milling & Baking News - January 26, 2010 - 19
Milling & Baking News - January 26, 2010 - 20
Milling & Baking News - January 26, 2010 - 21
Milling & Baking News - January 26, 2010 - 22
Milling & Baking News - January 26, 2010 - 23
Milling & Baking News - January 26, 2010 - 24
Milling & Baking News - January 26, 2010 - 25
Milling & Baking News - January 26, 2010 - 26
Milling & Baking News - January 26, 2010 - 27
Milling & Baking News - January 26, 2010 - 28
Milling & Baking News - January 26, 2010 - 29
Milling & Baking News - January 26, 2010 - 30
Milling & Baking News - January 26, 2010 - 31
Milling & Baking News - January 26, 2010 - 32
Milling & Baking News - January 26, 2010 - 33
Milling & Baking News - January 26, 2010 - 34
Milling & Baking News - January 26, 2010 - 35
Milling & Baking News - January 26, 2010 - 36
Milling & Baking News - January 26, 2010 - 37
Milling & Baking News - January 26, 2010 - 38
Milling & Baking News - January 26, 2010 - 39
Milling & Baking News - January 26, 2010 - 40
Milling & Baking News - January 26, 2010 - 41
Milling & Baking News - January 26, 2010 - 42
Milling & Baking News - January 26, 2010 - 43
Milling & Baking News - January 26, 2010 - 44
Milling & Baking News - January 26, 2010 - 45
Milling & Baking News - January 26, 2010 - 46
Milling & Baking News - January 26, 2010 - 47
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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
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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
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https://www.nxtbook.com/sosland/mbn/2015_02_17
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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
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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_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
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https://www.nxtbook.com/sosland/mbn/2014_06_24
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https://www.nxtbook.com/sosland/mbn/2014_03_18
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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
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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
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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
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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
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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
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https://www.nxtbook.com/sosland/mbn/2012_02_21
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https://www.nxtbook.com/sosland/mbn/2012_01_24
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https://www.nxtbook.com/sosland/mbn/2011_12_27
https://www.nxtbook.com/sosland/mbn/2011_12_13
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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
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https://www.nxtbook.com/sosland/mbn/2011_04_19
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https://www.nxtbook.com/sosland/mbn/2011_03_22
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https://www.nxtbook.com/sosland/mbn/2011_02_22
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https://www.nxtbook.com/sosland/mbn/2010_04_20
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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
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https://www.nxtbook.com/sosland/mbn/2010_01_12
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https://www.nxtbook.com/sosland/mbn/2009_09_22
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https://www.nxtbook.com/sosland/mbn/2009_03_24
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https://www.nxtbook.com/sosland/mbn/2008_04_22
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https://www.nxtbook.com/sosland/mbn/2008_03_11
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https://www.nxtbook.com/sosland/mbn/2004_08_17
https://www.nxtbook.com/sosland/mbn/2004_08_10
https://www.nxtbook.com/sosland/mbn/2004_08_03
https://www.nxtbook.com/sosland/mbn/2004_07_27
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