Old crop corn stocks slide 12%

WASHINGTON – On-farm stocks of old crop corn totaled 275,000,000 bushels on Sept. 1, down 12 percent from 313,700,000 bushels a year earlier, while off-farm supplies were 548,642,000 bushels, down 19 percent from 675,327,000 bushels. Indicated disappearance of corn during the June-August period was 1.94 billion bushels, down 10 percent from 2.16 billion bushels in…

Restaurant Performance Index slide continues

WASHINGTON — The National Restaurant Association’s Restaurant Performance Index continued to slide in August as it fell to 100.5, down 0.2% compared with July’s level of 100.7. “The August decline in the R.P.I. was due almost entirely to a dip in the expectations indicators, with restaurant operators becoming less bullish about sales growth and the…

Bob Evans to close Texas sausage plant

Columbus, Ohio – Bob Evans Farms Inc. will close its sausage production plant in Richardson, Texas. The company cited record-high prices for sows as the reason for the closure. “To allow BEF Foods to better manage production capacity within our foods business, we have closed our plant in Richardson, Texas, effective today, said Mike Townsley,…

Report: Nestle considering sale of PowerBar

VEVEY, SWITZERLAND — Nestle S.A. is weighing a potential sale of its PowerBar energy bar business, according to Reuters. Citing sources familiar with the situation, Reutersreported that the business could fetch several hundred million dollars. Nestle acquired PowerBar in 2000 for an undisclosed price. PowerBar was founded in 1986 as a mail order retailer. The company’s product…