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…
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...