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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10.18.2024
RIN prices fall week on week despite lower reported US biodiesel output
Prices for renewable identification numbers (RINs) fell week on week on Friday October 18 despite lower production reported for September, and US biofuels markets remain in limbo over awaited...
10.18.2024
US DCO prices decrease amid quiet trade week
US animal fats and oils markets ended the week stable to slightly lower on Friday October 18, following a quiet week of trading as many participants attended the American...
10.18.2024
Lackluster trade volume keeps weekly US animal proteins prices mostly steady
US animal proteins prices were steady to slightly lower for the week to Friday October 18 on limited trade volume.
Several market participants told Fastmarkets it was a...