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…
11.08.2024
CA LCFS credit bank hits record high as biobased diesel consumption rises
California’s Low Carbon Fuel Standard (LCFS) credit bank reached an all-time high of 29.19 million at the end of the second quarter 2024, according to data released by California’s...
11.08.2024
Animal fat prices fail to track global vegoil prices higher
The US animal fats and oils markets concluded the week stable to lower on Friday November 8, with a few exceptions noted in the Gulf market. The week was...
11.08.2024
Ruminant meat and bonemeal prices in Missouri River market rise week on week
US animal protein prices were flat on Friday November 8, with sources reporting no changes.
In the week to Friday, animal protein prices were relatively steady. Sources reported...