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Wall Street braces for food fights as Tyson tops Pilgrim's Pride bid for Hillshire
The New York Times
A week ago, many shareholders of Hillshire Brands were complaining about its planned acquisition of Pinnacle Foods, the maker of Birds Eye frozen vegetables. Now those investors find themselves at the center of a potential bidding war for their own company.

Related articles:
  • What Tyson and Pilgrim's Pride see in Hillshire (MarketWatch)
  • M&A activity shows bravado in the boardroom (The Wall Street Journal)

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    Food replacing oil as China's commodity of choice
    Bloomberg
    The world's most populous nation is confronting a harsh reality: For every additional bushel of wheat or pound of beef the world produces, China will need almost half of that to keep its citizens fed.
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    School lunch agenda faces backlash from some school nutrition officials
    The Washington Post
    What began as an effort led by first lady Michelle Obama to serve more-healthful food to American schoolchildren has turned into a clash of cultures across the country — and, now, a high-profile Washington lobbying battle.

    Editor's note: As highlighted in recent coverage of federal activity regarding school meal nutrition standards, the School Nutrition Association is leading efforts on Capitol Hill to advance legislation that provides schools with new flexibilities to meet nutrition standards.

    Related articles:
  • Opinion: GOP tells first lady to let them eat… whatever (CNN)
  • Food fight in Congress threatens kids (USA Today)
  • GOP rejects FLOTUS in school lunch battle (Politico)

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    Obama's low approval ratings could hurt Democrats
    The Hill
    For nearly a full year now, President Barack Obama's job-approval rating has been stuck below 50 percent in the Gallup Poll. That means a plurality-to-a-majority of Americans expressed disapproval of the job he is doing for the past 11 months. Should Democrats running in this year's congressional elections be worried?
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    Majority sick of healthcare debate
    The Hill
    A slight majority says it's tired of hearing political candidates talk about the healthcare law ahead of the midterm elections, according to a new poll. Fifty-one percent want politicians to discuss other issues like jobs, compared with 43 percent who want debate on Obamacare to continue, according to the survey.
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    White House downplays GDP slump
    The Wall Street Journal
    The White House's chief economist on Thursday downplayed a report showing the U.S. economy contracted in the first quarter of the year, citing factors such as weather for the poor showing.

    Related: 3 takeaways from the GDP numbers (The Wall Street Journal)

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    Warning label for sugary drinks passes California Senate
    Reuters
    A bill to require sugary soft drinks to carry labels warning of obesity, diabetes and tooth decay passed the California Senate Thursday, the latest move by lawmakers nationwide aimed at persuading people to drink less soda.
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    A look at minimum wage increases, from California to Seattle
    Bloomberg
    Unions and other advocates of higher minimum wages are seeing advances in California and Seattle as President Barack Obama's call to raise the federal minimum languishes in Congress.
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    Russia suspends US pork imports over virus fears
    Reuters
    Russia said Thursday it was suspending pig imports from the United States due to concern about outbreaks of the deadly Porcine Epidemic Diarrhea virus. The suspension takes effect on Friday, Russian state agricultural oversight agency Rosselkhoznadnor said in a statement.
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    US food organizations seek to push Japan out of TPP discussions
    Food Engineering
    A joint statement released by a number of U.S. farm groups is calling for Japan to be excluded from further discussions on the Trans-Pacific Partnership if the country continues to say it will shield its primary agricultural products from competition and not abolish certain tariffs.

    Related: European elections likely to complicate trade talks (The Wall Street Journal)

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    Daytime dining: The evolution of snacking
    Darren Tristano
    Technomic research shows snack consumption has been increasing in the U.S., leading to new definitions of snacks and new opportunities for foodservice operators.

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    McDonald's radical new weapon in breakfast wars
    Quartz
    McDonald's CEO Don Thompson provided a new argument for why it will continue to reign supreme at breakfast: because its food is fresher and of higher quality than its rivals.

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    Tyson offers $6.13 billion to buy Hillshire
    Reuters
    Tyson Foods Inc., the largest U.S. meat processor, has offered to buy Hillshire Brands Co. for $6.13 billion to expand into the fast-growing market for breakfast foods.

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    IBISWorld predicts slight growth in frozen food
    PRWeb via Digital Journal
    As consumers become increasingly busy yet remain cost-conscious, the need for convenient meals has bolstered demand, both in the form of frozen meals for home consumption and frozen inputs to fast-food and quick-service meals. Nevertheless, IBISWorld's updated market research indicates industry revenue will grow just 0.3 percent per year on average to $96.3 billion in 2014.
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    Plan for making Mexican imports to Philadelphia easier
    The Inquirer
    A group of business owners with a stake in the Philadelphia port are working to bring Mexico's food exports to the U.S. Northeast via an ocean route to Philadelphia.
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    International, e-commerce and food deliver for Costco
    IGD Retail Analysis
    Costco's third quarter revenue increased by 7.1 percent to $25.8 billion, helped by strong performances in food categories, international expansion and e-commerce.
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    US schools cut pink slime purchases more than 94 percent
    Bloomberg
    U.S. schools cut their use of lean, finely textured beef by more than 94 percent in the most recent fiscal year, resisting meat industry efforts to win acceptance of the product that food activists have dubbed "pink slime."
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    Sustainable labeling: Are consumers more interested in nutrition and cost?
    Food Navigator
    Despite widespread interest in sustainability issues, the labeling of products with information on environmental and ethical issues remains a low priority for consumers when compared to nutritional value and price.
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    New Orleans Cold Storage expanding in South Carolina
    Bayoubuzz.com
    New Orleans Cold Storage is more than doubling the size of its storage space at the Port of Charleston in South Carolina. The expansion will include an investment of more than $14 million, of which the South Carolina State Ports Authority has approved up to a $12 million contribution.
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    House of Raeford Farms expands cooked chicken operations
    Refrigerated & Frozen Foods
    House of Raeford Farms in Rose Hill, North Carolina, announced the opening of a 64,000-square-foot further processing cook plant in Mocksville. In a related move, the company also acquired the Speedy Bird trademark with the intention of launching many of the facility's items under this brand.
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    Protest planned against proposed poultry plant
    The Journal News
    As a poultry plant operator puts the finishing touches on unapproved plans for a massive facility in New Square, New York, opponents plan a protest outside the village site on Sunday afternoon.
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    Israeli scientists develop new way to detect food and water contaminants
    Jewish Business News
    Israeli scientists have created a new technology that can quickly and easily identify harmful microbes in the food and water supply. Once identified, the bacteria can either be neutralized or the food/water simply avoided.
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    Colby Horton, Executive Vice President of Publishing, (469) 420-2601
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