The latest round of economic data from the
The “food away from home” category continues to outpace food at home inflation. Food away from home increased for the second straight month in May to 0.4%.
The news comes just a couple of weeks after major retailers announced price cuts for food items. As Target and Walmart announced price cuts, other retailers were compelled to follow suit. Target cut prices after reporting a 3.2% decline in total sales.
In recent earnings call in late May, Target Executive Vice President Michael Fiddelke said, “Consumers continue to spend cautiously, particularly in discretionary categories.”
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01.07.2025
Biodiesel imports climb 10% from 2-year low; exports fall to lowest level since January 2024
US Census Bureau data released on Tuesday January 7 showed a monthly divergence in biodiesel imports and exports. Biodiesel import volume rose from a two-year low last month, climbing...
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Packer BFT trades higher; rising HO/SBO prices lift UCO sentiment
Three railcars of packer-grade bleachable fancy tallow (BFT) traded higher at 45 cents per lb, Chicago basis on Tuesday January 7.
Apart from this trade and continued activity in choice...
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Poultry by-product pet grade lower on export unease, possible winter weather in Mid-South, Southeast
US animal proteins had limited price changes indicated on Tuesday January 7 due to a quiet tone reported by multiple market sources.
Price pressure was reported on poultry-related...