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Today in Food Manufacturing

Daily news and top headlines for food manufacturing professionals

American Cattle Producers Take Issue With Potential XL Foods Sale

October 31, 2012 12:51 pm | by The Canadian Press

Some American cattle producers want the U.S. government to block the possible sale of a troubled Alberta company's beef operations. The Ranchers-Cattlemen's Action Legal Fund says it is concerned about JBS USA's option to purchase XL Foods Inc. plant in Brooks, Alta., two U.S. slaughtering plants and other properties.

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Fresh Del Monte 3Q Net Income Nearly Doubles

October 31, 2012 12:49 pm

Fresh Del Monte Produce Inc. said Tuesday its net income nearly doubled in the third quarter after it took control of the marketing, sales and distribution of its products in southern Europe. The company said its banana sales fell 2 percent compared to a year ago because of weaker demand in Europe and secondary markets in the Middle East.

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Study: Every Junk Food Meal Damages Your Arteries

October 31, 2012 12:47 pm

A single junk food meal — composed mainly of saturated fat — is detrimental to the health of the arteries, while no damage occurs after consuming a Mediterranean meal rich in good fats such as mono-and polyunsaturated fatty acids, according to researchers at the University of Montreal-affiliated ÉPIC Center of the Montreal Heart Institute.

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Consumer Trends: Top Wines Under $20

October 31, 2012 12:41 pm

The Beverage Testing Institute’s 12th annual World Value Wine Challenge is a competition where hundreds of affordably priced wines competed against their peers to gain accolades. All wines priced $20 and under from around the globe were welcome to participate.

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Study: Resveratrol Falls Short In Health Benefits

October 31, 2012 9:52 am

A recent study showed that resveratrol, an ingredient in red wine, does not appear to offer significant health benefits to healthy women, a result scientists said was surprising because earlier studies suggested that drinking red wine lowers the risk of health problems.

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Oil Spill Claims Process May Sink Gulf Shrimp Processors

October 31, 2012 9:46 am

With looming legal deadlines related to the 2010 BP oil spill, dozens of shrimp processors along the Gulf Coast face a difficult dilemma, with either decision having the potential to jeopardize the future of their businesses and the region’s seafood industry, according to the American Shrimp Processors Association.

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EU Brewers Balk At French Suds Tax

October 31, 2012 9:42 am | by RAF CASERT,Associated Press

France, the land of wine, is planning heavy taxes on beer, and that is not going down well with brewers — even in other nations. President Francois Hollande is pushing through legislation to increase taxes on beer by 160 percent to help fund struggling social programs as France tries to contain a budget deficit hit hard by the economic crisis.

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$1.75M Settlement Reached In August Busch IV Case

October 31, 2012 9:40 am

Former Anheuser-Busch CEO August Busch IV will pay $1.75 million to settle a wrongful death lawsuit filed over his ex-girlfriend's accidental drug overdose death under an agreement approved Tuesday. The St. Louis Post-Dispatch reported that the money will go to the relatives of Adrienne Martin, who was 27 in 2010 when she died at Busch's mansion near St. Louis.

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Will Sandy Take A Bite Out Of Halloween Candy Sales?

October 31, 2012 9:38 am

Drugstores may have benefited from customers stocking up on batteries and other emergency essentials ahead of "Superstorm" Sandy's landfall on Monday. But the record-setting storm has caused many towns to cancel or postpone Halloween events, potentially curbing sales of candy and decorations.

Photo Of The Day: Brawling Over Beer Taxes

October 31, 2012 9:36 am

France, the land of wine, is planning heavy taxes on beer, and that is not going down well with brewers, even in other nations. President Francois Hollande is pushing through legislation to increase taxes on beer by 160 percent to help fund struggling social programs as France tries to contain a budget deficit hit hard by the economic crisis.

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Photo Of The Day: Red Wine Health Benefits May Be Overstated

October 30, 2012 10:28 am

Resveratrol, an ingredient in red wine thought to improve insulin sensitivity, reduce risk of heart disease and increase longevity, does not appear to offer these benefits in healthy women, new research at Washington University School of Medicine in St. Louis indicates.

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Archer Daniels Midland 1Q Profit Falls

October 30, 2012 10:22 am

Archer Daniels Midland said Tuesday that its fiscal first-quarter profit dropped 60 percent, hurt by charges stemming from the planned sale of a Mexican food company. For the quarter that ended Sept. 30, the agribusiness conglomerate earned $182 million, or 28 cents per share, down from $460 million, or 68 cents per share, in the same quarter last year.

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Mizkan To Acquire British Pickles Brand

October 30, 2012 9:40 am

Mizkan Group Corp. said Tuesday it has agreed with Premier Foods Group Ltd. of Britain to buy out its range of sweet pickles and table sauces by early 2013 aiming to tap further into the British market. The Japanese seasoning and food manufacturer will acquire the Branston brand of products that includes pickles, ketchup, relish, salad cream and mayonnaise.

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Listeria Fears Prompt Cheese Recall

October 30, 2012 9:38 am | by The Canadian Press

The Canadian Food Inspection Agency has announced the recall of the Krinos brand of Mini Kashkaval Cheese because of possible Listeria contamination. The federal agency says the sheep cheese is being voluntarily recalled by its distributor Krinos Foods Canada of Vaughan, Ontario.

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Economic Issues May Defy Next President

October 30, 2012 9:37 am | by CHRISTOPHER S. RUGABER,AP Economics Writer

Whoever wins the U.S. presidential election will likely struggle to manage the biggest economic threats he'll face. Europe's recession will persist deep into the next presidential term, according to a majority of the 31 economists who responded to the survey. A weaker European economy would shrink demand for U.S. exports and cost U.S. jobs. Yet there's little the next president can do about it.

XL Foods Resumes Production

October 30, 2012 9:34 am | by The Canadian Press

Production has resumed at the Alberta plant that has been at the heart of a massive beef recall over an E. coli outbreak. About 2,000 workers were back on the job on Monday. Mayor Martin Shields said he attended a few events in the town over the weekend and could tell people were more relaxed and positive than they have been in recent weeks.

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Consumer Spending Rose 0.8 Percent In September

October 29, 2012 12:47 pm | by MARTIN CRUTSINGER,AP Economics Writer

Americans increased their spending in September at twice the rate that their income grew, a sign of confidence in the economy. Still, consumers made up the difference by saving less for a third straight month, a troubling trend. The Commerce Department said Monday that consumer spending increased 0.8 percent in September from August.

Burger King’s Profit Down Amid Turnaround Push

October 29, 2012 12:46 pm | by CANDICE CHOI,AP Food Industry Writer

Burger King's net income fell 83 percent in the third quarter as the world's second biggest hamburger chain sold off more of its restaurants to franchisees as part of a turnaround push. But the company's adjusted results topped Wall Street expectations, and its shares advanced.

WhiteWave Shares Slip On First Day Of Trading

October 29, 2012 9:44 am

Shares of organic dairy company WhiteWave Foods slipped on their first day of trading on the New York Stock Exchange. The stock, which was priced at $17, closed at $16.75 Friday after rising as high as $19.17 in early trading. WhiteWave Foods Co. sells Horizon organic milks and plant-based dairy alternatives, such as Silk Soymilk.

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How The Drought Is Affecting The Economy

October 29, 2012 9:42 am | by MARCY GORDON and PAUL WISEMAN,AP Business Writers

The worst drought in decades didn't just shrivel corn and soybeans. It shrank economic growth too. The government said Friday that the U.S. economy grew at a modest 2 percent annual rate from July through September. And the crop-killing drought reduced growth by 0.4 percentage points.

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