The Jobs report released by the Department of Labor on Thursday (a day early because of the July 4, holiday), showed a very strong rebound in the hospitality sector and a sharp increase in the restaurant and bar space. More than 1.5-million jobs were created in June for restaurant and bar establishments, which was much larger than expected.
The period that is used to perform the employment survey ended on June 12, ahead of the recent increase in COVID-cases that have spread throughout the south. The uptick in employment likely came in tandem with more people eating out. Since June 12, there has been a surge in COVID, and several states including Texas, California, and New York that have halted dine-in options. On Thursday, McDonald’s announced that they were pausing their reopening plans.
The trend is now to place dine-in on hold which will likely drive a new uptick in grocery store sales. The average increase…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...