Organic Turkey Slaughter Holding Steady

Organic Turkey Slaughter Holding Steady

The U.S. Federal Reserve stopped short of another rate hike last week, taking a wait-and-see approach to monetary policy. Though fluid, economic indicators point to a soft landing, as the economy continues to outperform expectations despite historic inflation.  This is good news for organic animal protein markets, and associated feed markets.

The U.S. Federal Reserve originally projected rate cuts to occur in 2024, and if so, these will be nominal cuts to the current 5.25-5.50 percent policy rate.  Inflation remains well away from the target two-percent rate, but the fact that unemployment figures have remained so low despite routine rate hikes reveals a lot about the resiliency of the current economy.

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

11.27.2023

Appeals Court Strikes Down EPA’s Denial of SREs

Appeals Court Strikes Down EPA’s Denial of SREs

*Please Note – Bob Lane was out of the office today and will return on Tuesday, November 28, 2023.

On November 22, a U.S. appeals court struck down a decision...

11.27.2023

Cattle Slaughter Forecast Lower to Close out 2023

Cattle Slaughter Forecast Lower to Close out 2023

The market was very quiet today coming off of the long holiday weekend. Most were getting their logistics and bid/offer ideas ready for the week and looking ahead to...

11.27.2023

Hog Slaughter Forecasted Above 2022 Into December

Hog Slaughter Forecasted Above 2022 Into December

Pressure on ruminant meat and bonemeal continues to be reported on accounts of excess offerings from slowed/diminished export trade. Participants communicated low $200s per short ton on ruminant meat...

Latest Tweets