Shifting economic conditions are raising the possibility of a US recession. The US Bureau of Labor Statistics (BLS) released the jobs report on Friday September 6, which showed that nonfarm payrolls grew less than expected, while overall unemployment edged higher. The news dragged ultra-low-sulfur diesel (ULSD) futures on the Chicago Mercantile Exchange to a fresh three-year low of $2.12 per gallon.
Nonfarm payrolls were reported at 142,000 in August, up from 89,000 jobs in July but below the Dow Jones consensus forecast of 161,000 jobs. The unemployment rate came in at an expected 4.2% for August, but the BLS’s most expansive measure of labor underutilization, the U6 rate, came in at 7.9%, up from 7.8% in July and at its highest since October 2021.
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02.04.2025
Chicago, Gulf animal fats and oils markets strengthen despite ongoing uncertainty
The US animal fats and oils markets were stable to higher on Tuesday February 4, as Chicago market activity saw a notable uptick throughout the day.
Six railcars...
02.04.2025
Light trade volume leaves most US animal protein prices flat
Light trade volume was reported in the US animal proteins markets for Tuesday February 4.
Ruminant meat and bonemeal, Missouri River, was reported as steady from Monday February...
02.04.2025
December US soybean crush, corn consumption up month on month
US soybean crush above monthly, yearly levels
Soybeans crushed for crude oil totaled 218 million bushels in December 2024, up by 7% from November and by 4% from...