Organic animal protein sales at supermarkets are steady to slightly lower. Fastmarkets believe egg and dairy sales are flat, and broiler sales are down. Third-party vendor information shows that organic broiler sales were down approximately 8.0% in 2023.
The trajectory of discretionary income and spending are uncertain, and the market participants believe that the Fed will now hold rates unchanged until at least June 2024. Rate cuts, which will lift liquidity and spending, have been pushed back to later in the year due to the stickiness of inflation.
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07.26.2024
US Court of Appeals sends SRE decision back to EPA; soyoil prices tumble on potentially lower biofuel demand
On Friday July 26, the US Court of Appeals vacated at least some of the blanket small refinery exemption (SRE) denials made by the Environmental Protection Agency (EPA) in...
07.26.2024
Animal fats and oils trade freezes following soybean oil market drop on SRE report
Trading in the animal fats and oils market was quiet on Friday July 26; the California yellow grease market the only one to rise, with prices up to 31-32...
07.26.2024
Porcine bloodmeal, Missouri River, moves higher week on week; June commercial cattle, hog slaughter
US animal protein prices were highly mixed in the week to Friday July 26, with limited trade on both Thursday July 25 and on Friday. Porcine bloodmeal was the...