The Jobs report released by the Department of Labor on Thursday (a day early because of the July 4, holiday), showed a very strong rebound in the hospitality sector and a sharp increase in the restaurant and bar space. More than 1.5-million jobs were created in June for restaurant and bar establishments, which was much larger than expected.
The period that is used to perform the employment survey ended on June 12, ahead of the recent increase in COVID-cases that have spread throughout the south. The uptick in employment likely came in tandem with more people eating out. Since June 12, there has been a surge in COVID, and several states including Texas, California, and New York that have halted dine-in options. On Thursday, McDonald’s announced that they were pausing their reopening plans.
The trend is now to place dine-in on hold which will likely drive a new uptick in grocery store sales. The average increase…
11.12.2024
Glycerin prices seen supported by declining biodiesel margins
Glycerin is a co-product of biodiesel production, and its supply is dependent on biodiesel margins. The more profitable the margin environment for biodiesel, the larger the supply of glycerin....
11.12.2024
Animal fats and oils prices stable amid losses in vegoil markets
"I think the big drop in soybean oil had everyone take a pause,” one source said.
December soybean oil futures closed at 46.23 cents per lb on Tuesday, down by...
11.12.2024
Meat and bonemeal, bloodmeal higher on active demand
Prices were highly mixed on Tuesday November 12, with active demand reported by market sources.
Porcine meat and bonemeal prices were steady to higher according to sources...