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Beef prices to slow after 6.5 percent rise; total food costs to boom
Los Angeles Times
Across the board, food costs in the U.S. will have boomed as much as 3.5 percent this year, with as much as a 4 percent jump anticipated for next year, according to data from the U.S. Department of Agriculture. Last year, prices ballooned 3.7 percent after ticking up 0.8 percent in 2010. More
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API files lawsuit challenging renewable fuel rule
Fuel Fix
The American Petroleum Institute is taking its battle against the federal renewable fuel mandate to court. The oil and gas industry trade group on Monday filed a lawsuit challenging the U.S. Environmental Protection Agency's move to mandate refiners blend 1.28 billion gallons of biodiesel into transportation fuels next year. Bob Greco, API's group downstream director, called the mandate — which is a 28 percent increase over the 1 billion gallons required this year — "overzealous" and "unworkable." More
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Opinion: A mandate to raise food prices
The Wall Street Journal
Americans should understand that this year's drought — the worst in 50 years — isn't the primary reason for record-high food prices. The drought made things worse, but the leading driver of long-term increases in food costs is a deeply flawed federal mandate. More
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South Dakota senators enter school lunch fray
The Daily Republic
After receiving input from South Dakota school administrators, parents and students, Sen. Tim Johnson, D-S.D., has pressed the Obama administration on changes to school nutrition programs. More
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Why Republicans should have won the election (and why they didn't)
The Washington Post
Going into election day 2012, Republicans were very confident that former Massachusetts governor Mitt Romney had a 50-50 chance of winning the presidency. It didn't turn out that way. Answering the "why" posed by that discrepancy is of critical import for Republicans as they move forward to 2014 and 2016. More
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Obama reaches out to CEOs who backed Romney
Politico
President Barack Obama is scheduled to meet with more than a dozen chief executives at the White House, including several prominent backers of his former GOP opponent, Mitt Romney. A guest list released by the White House includes Marriott CEO Arne Sorenson and State Farm CEO Ed Rust, both of whom maxed out to Romney's presidential campaign and kicked in another $15,000 to the RNC this fall. More
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No women among Republicans picked as new committee chiefs
The Hill
House Republican leaders picked six new committee chairmen, which the entire GOP conference is expected to ratify. Three of the races were competitive, with Rep. Michael McCaul, R-Texas, now set to become the new Homeland Security Committee chairman, Rep. Lamar Smith, R-Texas, the Science Committee chairman and Rep. Ed Royce, R-Calif., the Foreign Affairs chairman. More
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Farm bill scenarios unfolding
Agriculture.com
On a day when political posturing in Washington sent the stock market plunging, Sen. Chuck Grassley, R-Iowa, said he remains optimistic that Congress will deal with the fiscal cliff before the current lame-duck session ends next month, and he believes differences between the House and Senate versions of a farm bill could be worked out even if the farm bill is thrown into any tax- and deficit-cutting legislation or agreement. More
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Editorial: Playing chicken with the tax on food
Utah Policy
Are the newly elected Republicans in Utah's state House and Senate really going to raise the sales tax on unprepared food in a year that sees (at least) $300 million in state tax revenue growth? That's the political issue the 2013 Utah Legislature will see. More
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Economist: Fiscal cliff won't have lasting impact on markets
MarketWatch
The fiscal cliff is a market event, not an economic one, says Tony Dwyer, U.S. portfolio strategist at Canaccord Genuity. Dwyer tells MarketWatch Radio's Larry Kofsky that the latest round of economic reports show that Fed policy is a bigger factor in the market trend.

Related article:
  • Obama public relations effort aims to avoid 'fiscal cliff' (The Washington Post)
  • Companies squeezing in dividends to avoid 'fiscal cliff' (The Washington Post)
  • More

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    Canadian food safety law could add to import requirements
    The Packer
    Providing more control over imports and boosting traceability expectations, Canada's new food safety law is expected to bring new requirements to fresh produce operators in the U.S. and Canada. More
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    US-Colombia free trade pact leads to spike in exports
    The Poultry Site
    In the past year, U.S. poultry producers have seen exports to Colombia rise as much as 468 percent — in the case of turkey meat — with an 89 percent spike in egg and egg product exports, according to USDA's latest International Egg and Poultry Review. The burgeoning exports are traced to a free trade agreement that has allowed increased access to the Colombian market. More
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    Frozen food remains a challenge for Heinz
    Baking Business
    With a product portfolio that features such well-known brands as Weight Watchers Smart Ones, Ore-Ida and T.G.I. Friday's, the H.J. Heinz Co. is working to improve its position in the North American frozen food category. Frozen breakfast and snacks continue to perform, but the overall category is struggling. More
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    Stopping food waste: Can we do it?
    Good Food World
    Can you name all the ways food is wasted especially by consumers? Hint: The problem is systemic. Corporate industrial agriculture and current trends in the business of food are to blame in the Western world. More
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    ConAgra finally wins Ralcorp in $5 billion store-brand food bet
    Reuters
    ConAgra Foods Inc. sealed a deal to buy Ralcorp Holdings Inc. for $5 billion, more than a year and a half after first bidding on it, turning the maker of Chef Boyardee pasta into the top U.S. producer of store-branded foods. More
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    Report: Consumers buying too few fruits, veggies
    Progressive Grocer
    A recent report measuring the extent to which U.S. consumers adhere to the Dietary Guidelines for Americans with their food-at-home purchases, as well as the impact of selected demographic and market factors on food purchase healthfulness, has found Americans have a long way to go in terms of picking stores' most nutritious items. More
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    NPPC fires back over pork contamination report
    Meatingplace
    The Consumers Union report released Tuesday in Consumer Reports on the presence of antibiotic-resistant bacteria found in pork bought at retail is an example of "sensationalism," and its "'science' . . . wouldn't stand up to even elementary scrutiny," according to the National Pork Producers Council. More
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    Damaged packaging is massive consumer turn-off
    Food Production Daily
    Damaged packaging hugely deters consumers from buying products at full price and often puts them off purchasing them at all, according to new U.K. research from Canadean. More
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    Survey: Retailers losing $35 billion to theft
    Progressive Grocer
    Employee theft, shoplifting/organized retail crime and administrative error are the top sources of loss impacting retailers, according to an annual survey by the University of Florida with a funding grant from security systems integrator Tyco Integrated Security and Tyco Retail Solutions. Supermarkets and other food businesses suffer the highest theft losses, researchers say. More
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    Study: Organic claims leave sour taste in functional health
    Food Navigator
    Organic logos and claims generally have positive effects on consumers, but even the most positive supporter has negative inferences towards organic products when they are judged on functional health benefits, suggest researchers in a study published by Appetite magazine. More
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    India food processing sector to add 62 cold chain facilities
    Business Standard
    India's food processing sector has emerged the fastest-growing sub-sector of manufacturing during past financial year, a top official said Tuesday. Food processing units, being set up in mega food parks, are provided with entire basic infrastructure facilities like warehouses, storage facilities, testing labs and fruit-ripening chambers, Rakesh Kacker, Secretary, Ministry of Food Processing Industries, said. More
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    Frozen Express
    Colby Horton, Vice President of Publishing, (469) 420-2601
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