EXHIBIT 99 PRESS RELEASE

Exhibit 99
[LOGO and Letterhead for Midwest Grain Products, Inc.] PRESS RELEASE

FOR IMMEDIATE RELEASE: MIDWEST GRAIN POSTS SECOND QUARTER EARNINGS INCREASE


ATCHISON, Kan., February 7, 2000--Ladd Seaberg, president and chief
executive officer of Midwest Grain Products, Inc., announced today that results
for the company's second quarter of fiscal 2000 moved ahead of results for the
same period the prior year.

The company's net income for the quarter, which ended Dec. 31, 1999,
was $1,563,000, or 17 cents per share, on sales of $59,962,000. That compares to
net income of $1,430,000, or 15 cents per share, on sales of $53,917,000 that
Midwest Grain experienced in the second quarter of fiscal 1999.

For the first six months of fiscal 2000, the company had net income of
$2,314,000, or 25 cents per share, on sales of $114,937,000, compared to net
income of $2,096,000, or 22 cents per share, on sales of $105,855,000 for the
first six months of fiscal 1999.

Seaberg attributed the second quarter earnings improvement to the
effects of heightened demand for the company's wheat gluten, specialty wheat
proteins and wheat starches combined with lower raw material costs for grain.
"The reasons for our improvement were essentially the same as those we
experienced in the current year's first quarter," Seaberg said. "Similarly," he
added, "these positive factors were partially offset by the impact of reduced
selling prices for our alcohol products due to the continuation of excess
supplies throughout the industry."

Recently, selling prices for fuel grade alcohol have stabilized, and in
some instances increased, according to Seaberg. "While this situation is not
expected to have an immediate effect on our results, it could have some
measurable impact during the final quarter of the year," Seaberg said.
Meanwhile, work continues at Midwest Grain's Atchison plant to enhance the
company's alcohol distillation process and further improve alcohol production
cost efficiencies.

The realization of even greater demand for the company's wheat gluten
throughout the first six months of fiscal 2000 was largely prevented by a huge
surge of gluten imports from the European Union (E.U.) just prior to the start
of the year, Seaberg explained. As previously reported, during the month of
June, 1999, which marked the opening of the second year of a three-year annual
quota on imports of foreign gluten, the E.U.'s entire allocation of 45 million
pounds entered the United States market. "This surge reduced our potential to
realize a more substantial increase in gluten sales in the first half of the
year" he said. "I remain hopeful, however, that more favorable conditions in the
gluten market may yet materialize during the remainder of fiscal 2000," he
added.

The company also expects to realize continued growth in sales of its
specialty wheat-based ingredients, which are produced and marketed for use in a
variety of value-added food and non-food applications. "We're making good
progress in this area," Seaberg said, "and, as a result, are solidifying our
position in the marketplace as a customer-oriented solutions provider."

This news release contains forward-looking statements as well as historical
information. Forward-looking statements are identified by or are associated with
such words as "intend," "believe," "estimate," "expect," "anticipate,"
"hopeful," "should," "may" and similar expressions. They reflect management's
current beliefs and estimates of future economic circumstances, industry
conditions, company performance and financial results and are not guarantees of
future performance. The forward-looking statements are based on many assumptions
and factors, including those relating to grain prices, gasoline prices, energy
costs, product pricing, competitive environment and related marketing
conditions, operating efficiencies, access to capital and actions of
governments. Any changes in the assumptions or factors could produce materially
different results than those predicted and could impact stock values.

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