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Today in Food Manufacturing

Daily news and top headlines for food manufacturing professionals

Thought of the Day: Analyst Says Kellogg "Underperforming"

January 17, 2013 11:57 am

Kellogg stock is up, but at least one analyst isn't buying the hype. Robert Moskow cut his rating of the food company from "Neutral" to "Underperform," claiming little justification for the 10 percent increase in the stock's price since the report of its third-quarter results last year.

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Kottkamp Leaves as CEO of Health Drink Company

January 17, 2013 11:39 am | by BRENDAN FARRINGTON, Associated Press

In a letter to the Associated Press, former Lt. Gov. Jeff Kottkamp announced that he is no longer the CEO of a health drink company that so far isn't fulfilling commitments to create jobs after taking a $5 million grant from Lee County. 

FTC Upholds Decision Against POM Wonderful

January 17, 2013 11:36 am

Federal Trade Commission has upheld a judge's earlier decision that POM Wonderful made deceptive claims about the health benefits of its products. A federal administrative judged ruled in May that the company used deceptive advertising when claiming that its pomegranate juice could treat or prevent heart disease, prostate cancer and other illnesses.

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National Fisheries Institute Calls Recent Mercury Study "Fraudulent"

January 17, 2013 9:34 am

The National Fisheries Institute is hitting back at a Biodiversity Research Institute (BRI), which recently released a report stoking concerns about supposedly high levels of mercury in people and fish. NFIA says BRI "misled the public on the safety of commercial seafood."

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Bolthouse Farms Unveils Innovation Center

January 17, 2013 9:17 am

Bolthouse Farms unveiled its state-of-the-art Innovation Center Wednesday at the company’s headquarters in Bakersfield, CA. The facility is designed to accelerate new product development and enhance current Bolthouse Farms offerings across the company’s portfolio of beverages, salad dressings and fresh carrots.

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Krispy Kreme to Open First India Store on Saturday

January 17, 2013 9:14 am

Krispy Kreme Doughnut Corp. said Wednesday that its first franchise location in India will open on Saturday. The opening of the Bangalore store is part of a deal announced in June between the Winston-Salem, N.C.-based donut maker and Citymax Hotels Pvt. Ltd. for the development of 80 Krispy Kreme franchise stores in India over five years.

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Analyst Cuts Rating For Kellogg to "Underperform"

January 17, 2013 9:13 am

A Credit Suisse analyst on Wednesday downgraded Kellogg Co., saying that the recent run up in the food company's stock price isn't warranted. Robert Moskow cut his rating for the stock to "Underperform" from "Neutral," noting that Kellogg's stock price has jumped 10 percent since it reported its third-quarter results on Nov. 1.

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Dutch, Spanish Suppliers Suspected in Irish Horsemeat Scandal

January 17, 2013 9:11 am | by Shawn Pogatchnik, The Associated Press

Irish leaders said suspicion surrounding  the recent discovery horsemeat in widely sold burgers was focusing on a powdered beef-protein additive imported from both Spain and the Netherlands for use in padding out the most cheaply priced burgers, which contain typically 60 per cent to 70 per cent meat.

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Photo of the Day: Drought Cuts Corn Crop

January 17, 2013 8:00 am

A U.S. Department of Agriculture report released Friday showed farmers harvested 10.78 billion bushels of corn, less than three-fourths of what the agency predicted last spring. While the report covers many other crops, much of the attention has been on corn.

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10 Million Irish Burgers Recalled Over Horsemeat Fears

January 16, 2013 12:28 pm

An Irish meat processor says it's recalling 10 million burgers from supermarkets across Ireland and Britain because of fears that some could contain horsemeat. Government authorities say Spanish or Dutch ingredients suppliers are suspected of causing the contamination.

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Ind. Winery Sues Can Maker Over Foul Cider Smell

January 16, 2013 12:26 pm

A southern Indiana winery is suing a beverage can manufacturer, alleging that aluminum cans it made caused the winery's hard apple cider to develop a foul odor. Bloomington-based Oliver Winery sued Broomfield, Colo.-based Ball Metal Beverage Container Corp. last month in Monroe Circuit Court. That case was transferred to federal court in Indianapolis last week.

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Energy Drink-Related ER Visits on the Rise

January 16, 2013 12:24 pm | by GARANCE BURKE, Associated Press

A new U.S. government survey suggests the number of people seeking emergency treatment after consuming energy drinks has doubled nationwide during the past four years, the same period in which the supercharged drink industry has surged in popularity in convenience stores, bars and on college campuses.

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Cheez-It to Sponsor NASCAR Sprint Cup Race

January 16, 2013 12:22 pm | by JOHN KEKIS, AP Sports Writer

Watkins Glen International has signed a multi-year deal with Cheez-It crackers to sponsor the NASCAR Sprint Cup race at the Finger Lakes track. WGI president Michael Printup and Kellogg Co. officials made the announcement of the Cheez-It 355 at The Glen on Tuesday.

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Ahead of the Bell: Chipotle Slides on Warning

January 16, 2013 12:20 pm

Shares of Chipotle Mexican Grill Inc. slid in premarket trading Wednesday after the casual dining chain warned that fourth-quarter earnings would miss estimates because of higher food costs. Food costs are expected to be just about a third of sales, up 130 basis points from last year because of higher commodity costs.

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Thought of the Day: Horsemeat "Totally Unacceptable"

January 16, 2013 12:12 pm

The Irish public is on high alert after a food industry watchdog announced it had found horse DNA in burgers purchased in some of the nation's largest grocery chains. The country's agriculture secretary called the finding "totally unacceptable."

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Consumer Trends: Coffee Habits in the Workplace

January 16, 2013 12:00 pm

ARAMARK analyzed sales information for calendar year 2012, from more than 100,000 workplaces it serves in the United States, and found that customer employees working in the Houston, Los Angeles and Chicago metropolitan areas consumed the most cups of coffee on the job, while those in Miami, New York and Las Vegas consumed the least.

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Kan. Lawmakers Asked to Repeal Corporate Farm Laws

January 16, 2013 8:59 am | by JOHN HANNA, AP Political Writer

Kansas' top agriculture official called Tuesday for the repeal of state laws restricting corporations' involvement in agriculture, a move that would reverse a policy enacted more than 80 years ago. Agriculture Secretary Dale Rodman said the state's anti-corporate farming laws hinder the growth of agriculture and recruitment of new agribusinesses to Kansas.

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Cold Still Threatens Crops in West, But It's Easing

January 16, 2013 8:57 am | by GOSIA WOZNIACKA, Associated Press

The freeze gripping the West appeared on the verge of easing Tuesday, but farmers who spent millions to protect crops were still assessing damage, some produce prices climbed, and businesses and residents dealt with burst pipes. The National Weather Service predicted another frosty night, but said temperatures would begin to warm as high pressure moved east.

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USDA: Wis. Company Recalls Ground Beef Products

January 16, 2013 8:55 am

A Wisconsin company is recalling about 2,500 pounds of raw ground beef products that may be contaminated with E. coli bacteria. The U.S. Department of Agriculture's Food Safety and Inspection Service says Glenn's Market and Catering of Watertown is recalling the raw beef.

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Ireland: Horsemeat Found in Supermarket Burgers

January 16, 2013 8:54 am | by RAPHAEL SATTER, Associated Press

The Irish food safety watchdog said Tuesday that it had discovered traces of horse and pig DNA in burger products sold by some of the country's biggest supermarkets, including a burger sold by global retailer Tesco that authorities said was made of roughly 30 percent horse.

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