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The Weekly Grind – April 18, 2014

April 18, 2014

NAMA NEWS

2014 CORN DRY MILLING CONFERENCE REGISTRATION STILL OPEN

Registration is still open for the 55th Annual Corn Dry Milling Conference, May 14-15, 2014.  Jointly sponsored by USDA’s National Center for Agricultural Utilization Research (NCAUR) in Peoria, Illinois and NAMA, the conference has become a unique event with the objective of sharing information about the corn dry milling industry, including the latest advances in milling, product testing technologies and the science of corn production technology.  To make room reservation, contact the Embassy Suites East Peoria at 309.694.0200 or visit their website at www.embassysuiteseastpeoria.com.  For a discounted room rate, reference the group code NAM.  The hotel reservation deadline is April 23, 2014.

For more information on the conference and to register, please visit http://www.namamillers.org/meetings/corn-dry-milling-conference/.


INDUSTRY NEWS

QUAKER LOOKS TO PATENT LOWER COST SOLUBLE OAT FIBER
Food Navigator, By Maggie Hennessy, April 12, 2014

Oatmeal boasts a long list of health benefits, though this fiber-rich ingredient isn’t traditionally associated with the descriptors ‘quick and easy’.   To view the full Food Navigator article, visit http://www.foodnavigator-usa.com/Trends/Whole-grains/Quaker-looks-to-patent-lower-cost-soluble-oat-fiber.

PRESIDENT OBAMA PROVIDES CLEAR ENDORSEMENT OF AGRICULTURAL BIOTECHNOLOGY
Agri-Pulse, By Sara Wyant, April 15, 2014

The dedication of Dr. Norman Borlaug’s statue in the U.S. Capitol last month brought together an amazing array of Democrats and Republicans, united in highlighting his accomplishments in feeding the world. The event also prompted the president of the United States to give his clearest endorsement to date of the important role biotechnology plays in agriculture.  In an April 11 letter to Julie Borlaug, which was obtained by Agri-Pulse, President Obama wrote about how pleased he was to join in celebrating her grandfather’s life and his passion for feeding the hungry through biotechnology.

To view the full Agri-Pulse article, visit http://www.agri-pulse.com/President-Obama-provides-clear-endorsement-of-agricultural-biotechnology-04152014.asp.

UPDATE 2 – CARGILL EXPECTS FLOUR MERGER WITH CONAGRA TO BE FINALIZED IN 6-8 WEEKS
Reuters, By Rod Nickel, April 15, 2014

U.S. agribusiness Cargill Inc expects the merger of its flour mill operations with those of ConAgra Foods Inc. to be finalized in six to eight weeks after it clears a longstanding regulatory hurdle, Cargill Executive Chairman Greg Page said on Tuesday.  To view the full Reuters article, visit http://af.reuters.com/article/commoditiesNews/idAFL2N0N718820140415.

GENERAL MILLS DEFENDS G.M.O.s IN RESPONSIBILITY REPORT
Food Business News, By Monica Watrous, April 16, 2014

As consumers increasingly shun genetically modified ingredients, General Mills, Inc. has clarified its stance on the subject: G.M.O.s are O.K.  The company that removed the controversial ingredients from its original Cheerios brand earlier this year defended biotechnology in its 2014 Global Responsibility Report, issued April 16.

To view the full Food Business News article, visit http://www.foodbusinessnews.net/articles/news_home/Business_News/2014/04/General_Mills_defends_GMOs_in.aspx?ID=%7B8EBE8C7A-FA78-4323-BB7F-0AD0D4EE99D7%7D.

POST TO BUY MICHAEL FOODS FOR $2.45 BILLION
Food Business News, By Monica Watrous, April 17, 2014

The buying binge continues for Post Holdings, Inc., which has agreed to acquire Michael Foods Group, Inc., a producer and distributor of eggs, potatoes and dairy products, for $2.45 billion from affiliates of GS Capital Partners, affiliates of Thomas H. Lee Partners and other owners.  The deal represents the largest transaction to date for Post, which has steadily padded its portfolio over the past year with such products as protein bars, peanut butter and pasta.

To view the full Food Business News article, visit http://www.foodbusinessnews.net/articles/news_home/Business_News/2014/04/Post_to_buy_Michael_Foods_for.aspx?ID=%7B30592ECE-846E-4836-9321-3F9DD6F8ABC8%7D.

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