The December jobs report released today once again surprised analysts with an additional 216,000 jobs added to nonfarm payrolls. This is a continued indication of the economic resilience in the U.S., firming up hopes for a soft economic landing. The implications of a soft economic landing on Federal Reserve policy are yet to be seen.
With economic conditions having an outsized influence on organic animal protein demand, the robust jobs data should be welcomed. However, wages gained 4.1 percent year over year and this, along with the 2.7 million jobs added in 2023, could slow the pace of rate cuts that the Federal Reserve indicated would begin as early as March.
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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...