Grocer profitability attracts scutiny of policmakers

Grocer profitability attracts scutiny of policmakers

The organic feed market is subdued. Buyers continue to maintain their current pace of just-in-time inventory. Merchandisers report some activity on new crop corn and soybeans but generally markets reflect the transition to the slower summer months. People are busy doing other things, families are on the go.

Pricing power for organic animal proteins at supermarkets and big box stores is weakening. Consumers’ purchases of food at home also seems to be slowing. The latest comparable-store sales figures from major U.S. supermarket chains reveals a concerning trend. This dataset compares one location’s sales to the previous year’s performance. 

Kroger’s U.S. division experienced a decline in fourth-quarter comps, with Kroger reporting a contraction in this critical financial metric for the second consecutive quarter. Albertsons’ comps in the third quarter remained stable at 2.9%, marking their lowest level since the…

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06.28.2024

[MERGED into “European biodiesel…”] April US imports of biodiesel, renewable diesel strong: EIA

[MERGED into “European biodiesel…”] April US imports of biodiesel, renewable diesel strong: EIA

US biodiesel imports rose sharply in April, offsetting low levels in March, according to data released on Friday June 28 by the US Energy Information Administration (EIA).

Imports...

06.28.2024

US packer BFT weekly average price hits 33-week high

US packer BFT weekly average price hits 33-week high

Distiller’s corn oil (DCO) traded higher out of the US Missouri River market for August on Friday June 28 in what was otherwise a quiet day.

Most buyers...

06.28.2024

Mid-South, Delmarva feathermeal lower; June monthly averages mixed to softer

Mid-South, Delmarva feathermeal lower; June monthly averages mixed to softer

Most sources called the market on Friday June 28 flat ahead of the weekend, with most sold up for the end of the month.

Pressure on feathermeal was...

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