The US Producer Price Index (PPI) increased by 0.2% in December, according to data from the Department of Labor’s Bureau of Labor Statistics (BLS). On an annual basis, the PPI rose by 3.3%, the highest since February 2023. Core PPI, which excludes food, energy and trade services, also edged up by 0.1% for the second consecutive month and increased by 3.3% annually. Fastmarkets’ analysts suggested the softer producer inflation may be a short-term trend, and the Federal Reserve is likely to hold off on cutting interest rates until later this year, given ongoing inflationary pressures and a strong labor market.
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02.28.2025
Chinese plant begins producing SAF, RD for export to Europe
China-based Jiaao Enprotech began production at its sustainable aviation fuel (SAF) and renewable diesel plant in Lianyungang in Jiangsu province in December, the company told Fastmarkets on Wednesday February...
02.28.2025
CWG bucks the trend in an otherwise sluggish week for fats and oils
After a sluggish week of trading, activity in the US animal fats and oils markets increased at the end of the month, with prices averaging mostly steady to slightly...
02.28.2025
Bloodmeal prices surge through February
Trading in the animal protein market was quiet to close out February with no transactions reported on Friday February 28.
For the week, the market was mostly higher...