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…
02.21.2025
US animal fats and oils markets finish week strong; broader uncertainty persists
The US animal fats and oils markets ended Friday February 21 on a relatively quiet note, though broader market developments throughout the week have added ongoing uncertainty to the...
02.21.2025
Sausage casings bulletin, February 21, 2025
Runner market commentary
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02.21.2025
US weekly net soybean meal exports, sales retreat again
In the week to February 13, US net soybean meal and soybean cake sales and exports continued to decline but were above most analysts' estimates, data released by the...