The latest Consumer Price Index (CPI) figures were released on Wednesday, August 14 and portrayed an ambivalent economy where inflation is slowly cooling, just as equity markets post historic gains.
Recession fears have faded this week as retail sales figures trebled expectations, accelerating 1% month over month. Weekly jobless claims declined 3.4% to 227,000 this week.
Annual inflation declined to its lowest level since March of 2021, sustaining hopes for a September rate cut. Initial cuts may only be a gesture, but they could be a potent signal to prompt more expansive buying by end users of organic feeds.
High food prices persist after increasing 5.8% last year, according to the USDA. The “food at home” category in the CPI by increased 0.2% month on month…
12.24.2024
Animal fats, oils markets quiet amid Christmas holiday
The US animal fats and oils markets remained steady on Tuesday December 24, amid limited trading due to the Christmas holidays.
Market sources expected activity to remain subdued...
12.24.2024
US November broiler, turkey slaughter down year on year
US animal protein prices were steady on Tuesday December 24, with limited volumes reported to have been traded. With the proximity of the end-of-year holidays, most market participants are...
12.24.2024
US weekly soybean, wheat export inspections rise, corn falls
Weekly export inspections
Export inspections of US grains showed a decline for corn but an increase for soybean and wheat in the week to December 19, according to data...