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…
10.04.2024
US RD interregional shipments decline to 6-month low in July: EIA
The US Energy Information Administration’s (EIA) Petroleum Supply Monthly report released Monday September 30, showed that July interregional shipments of renewable diesel (RD) and biodiesel to the US West...
10.04.2024
Geopolitical tensions, policy uncertainty stymies US animal fats, oils trade
The Missouri River choice white grease (CWG) market moved to a low of 42.5 cents per lb FOB after trading was done late on Thursday October 3.
Distiller’s...
10.04.2024
Hurricane Helene impact on US animal proteins still unknown
US animal proteins prices were steady on Friday October 4, with most participants working on logistical challenges for the current and upcoming week.
Hog producers and production facilities...