Weekly organic poultry slaughter volume continues to level off despite whipsawing around the one million-head mark each week. Half of the weeks in the second quarter surpassed one million head after steady declines in 2023.
Demand for organic chicken relies on macroeconomic conditions. Inflation has persisted into 2024, along with lower unemployment and wage growth. Equity markets have continued to swell.
All eyes are on the US Federal Reserve as they grapple with rate cuts within the context of a stubbornly hot economy. Although the Fed meets today and tomorrow, there is growing consensus that the Fed will cut rates at its September meeting.
The European Central Bank (ECB) intrepidly cut rates in…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...