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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02.04.2025
Chicago, Gulf animal fats and oils markets strengthen despite ongoing uncertainty
The US animal fats and oils markets were stable to higher on Tuesday February 4, as Chicago market activity saw a notable uptick throughout the day.
Six railcars...
02.04.2025
Light trade volume leaves most US animal protein prices flat
Light trade volume was reported in the US animal proteins markets for Tuesday February 4.
Ruminant meat and bonemeal, Missouri River, was reported as steady from Monday February...
02.04.2025
December US soybean crush, corn consumption up month on month
US soybean crush above monthly, yearly levels
Soybeans crushed for crude oil totaled 218 million bushels in December 2024, up by 7% from November and by 4% from...