Consumer Confidence Dips Marginally

Consumer Confidence Dips Marginally

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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04.19.2024

Reduced March RIN production not leading to higher RIN Prices

Reduced March RIN production not leading to higher RIN Prices

Total March biofuel RIN production was 1.9 billion RINs, which was 6% below February and 15% below December’s RIN output of 2.25 billion. December had the largest monthly production...

04.19.2024

CWG, YG higher on week, UCO, DCO down again

CWG, YG higher on week, UCO, DCO down again

The market was quiet heading into the weekend. Used cooking oil (UCO) traded in large volume into the Gulf at 40 cents per lb delivered in the truck market.

04.19.2024

Price pressure on ruminant and porcine items for the week

Price pressure on ruminant and porcine items for the week

Sloppy markets were reported for porcine and ruminant items at the close of week ending Friday April 19.

Wide ranges were witnessed on porcine bloodmeal (BM), with a...

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