date:May 12, 2012
t largest ingredient. We implemented strategic sourcing for wheat flour several years ago. By partnering with world-class corn suppliers, we have taken a major step toward better managing our corn volatility. This will be especially important as we grow our businesses in an environment of stubbornly high commodity prices.
The per-bushel cost of corn for the three months averaged 6 percent higher than the same period a year ago, the company said.
MGPIs distillery products sales were up 44% in t