Food Business News - Jan 18, 2011 - (Page 1)

January 18, 2011 FOODBUSINESS NEWS NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY Improving import safety U.S.D.A. proposes changes to school meals WASHINGTON - The Food and Nutrition Service of the U.S. Department of Agriculture has proposed a new rule that would revise the meal patterns and nutrition requirements for the National School Lunch Program and the School Breakfast Program to align them with the 2005 Dietary Guidelines for Americans. The proposed rule, which was published in the Jan. 13 issue of the Federal Register, would increase the availability of fruits, vegetables, whole grains, and fat-free and low-fat fluid milk in school meals; reduce the levels of sodium and saturated fat in meals; and help meet the nutrition needs of school children within their calorie requirements. "Implementation of this proposed rule Continued on Page 10 a key component of the new food safety law Story on Page 18 INSIDE Nutri Nutrition programs may benefit dairy A s 2011 begins, the manufacturers of dairy products and dairy ingredients find themselves working with new rules that govern the school nutrition programs and anticipating the release of the 2010 revision of the Dietary Guidelines for Americans. The Childhood Nutrition Act, which has a direct impact on food served in schools, was signed into law last month. Under the new act, nutrition standards now will be applied to Continued on Page 27 Tighter stocks, higher prices seen for corn, wheat, soybeans Bullish U.S.D.A. data send futures prices skyward KANSAS CITY - Corn, soybean and wheat futures prices surged last week after a bevy of bullish U.S. Department of Agriculture reports at midweek projected tighter supplies and higher prices of major commodities in the months ahead. Projected U.S.D.A. numbers for 2011 corn, wheat and soybean carryover (supply at the end of respective marketing years), stocks of all three commodities on Dec. 1, 2010, and estimated 2010 corn and soybean production all came in below average trade expectations and all were below prior or year-ago estimates with the exception of Dec. 1 wheat stocks. As a result, some corn and soybean futures contract prices shot to 30-month highs, with corn up the 30c-a-bu daily limit and soybeans up the 70c limit, in early trading on Jan. 12. Futures prices came off their highs later in the day but still ended with old crop contracts up about 60c a bu for soybeans, up about 25c for corn and up about 15c for wheat. Prices advanced again on Jan. 13. "It means a very difficult time for the purchasing side going forward," said Paul Meyers, vice-president of commodity analysis for Connell & Company, Berkeley Continued on Page 20

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Food Business News - Jan 18, 2011