The Federal Reserve raised short-term borrowing rates again to a range of 5.25-5.50 percent, the highest in 22 years. The market had already priced in this rate hike and instead was looking for clues as to what the Fed might do in its next meeting. The Fed is still concerned with job growth which is essential to stabilizing demand through consumer purchases of organic poultry, dairy, and eggs.
Organic grain shipments are on their way to the United States. According to the Morehead City, North Carolina and Wilmington, Delaware shipping schedules; two ships are likely carrying organic grain into these ports. The “Strategic Energy” is in the Mediterranean and on its way to Morehead City with an origin of Giresun, Turkey.
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01.03.2025
Imports of biodiesel, renewable diesel continued to slow during October
US Energy Information Administration (EIA) data released on Tuesday December 31 showed biodiesel and renewable diesel (RD) import volumes declined during October 2024. Biodiesel imports had fallen during five...
01.03.2025
Renderer BFT prices climb; CWG closes week lower
The US animal fats and oils markets closed the week largely stable on Friday January 3, with the exception of the choice white grease (CWG) and tallow markets.
01.03.2025
US meat meal production in November down year on year: USDA
US animal proteins prices on Friday January 3 were steady day on day.
November animal by-product production, stocks
In November, US production of feathermeal (FM) increased month on...