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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07.03.2024
Slower rail, barge shipments of RD, biodiesel to US West Coast
The US Energy Information Administration’s (EIA) Petroleum Supply Monthly report for April, released on Friday June 28, showed that rail and barge shipments of renewable diesel (RD) and biodiesel...
07.03.2024
DCO prices move higher on support from soybean oil markets
Please note: Fastmarkets will not publish an animal fats bulletin on Thursday July 4 due to the Independence Day holiday in the US. We will resume our domestic market...
07.03.2024
Animal protein values wide ranging; Q2 HPAI headcounts above 2022/23
Please note: Fastmarkets will not publish a bulletin on Thursday July 4 in observance of the Independence Day holiday in the US.
Limited animal protein volumes were reported...