Macroeconomic conditions have an outsized influence on organic markets. As consumer’s discretionary income is eroded by high food prices, they are often forced to abandon purchasing premium organic animal proteins.
Economic data informing the US Federal Reserve paint a complex picture of an economy that is both heating and cooling at the same time. Equity markets have defied logic at times with explosive growth despite higher interest rates.
Employment data released today indicated the economy may be cooling, just as the US Central Bank is set to meet later this month. Many analysts expect some rate movement in September, but doubts have persisted because of mixed economic data.
The report showed wages continue to rise, and this has sustained spending considerably, a key factor influencing current economic growth and a boon to organic markets. At the same time, there were 86,000 fewer jobs added in August than forecasted…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...