The U.S. economic recovery continues largely unabated. The latest figures from the Commerce Department’s Bureau of Economic Analysis (BEA) show an economy that continues to expand on top of growing personal income and moderating inflation. Inflation rose modestly for PCE in January – a measure of volatile food and energy prices – but the Fed has indicated the potential for twists and turns on the road to a 2 percent inflation target.
This economic progress should result in steady, sustained growth in organic animal protein segments. Nonetheless, action – or inaction – by the Fed to cool the burgeoning growth could prompt consumers to rein in their spending.
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05.06.2024
Strong biodiesel production seen weighing on crude glycerin prices
The whispers of declining biodiesel production are meeting with resistance. Some observers have been sounding the alarm regarding declining production for over a year now, but if true, biodiesel...
05.06.2024
Average weekly hog slaughter to decrease into mid-June: Fastmarkets’ research team
Distillers’ corn oil (DCO) prices fell to 42-43.5 cents per lb delivered US Gulf on Monday May 6 for May-June shipments. There was additional trading reported on the same...
05.06.2024
Year-to-date commercial cattle production falls 2.30% y-o-y
US animal proteins prices were steady on Monday May 6. Limited trade was reported, with several market participants only testing prices, Fastmarkets heard.
US hog slaughter
Fastmarkets research...