The U.S. Federal Reserve stopped short of another rate hike last week, taking a wait-and-see approach to monetary policy. Though fluid, economic indicators point to a soft landing, as the economy continues to outperform expectations despite historic inflation. This is good news for organic animal protein markets, and associated feed markets.
The U.S. Federal Reserve originally projected rate cuts to occur in 2024, and if so, these will be nominal cuts to the current 5.25-5.50 percent policy rate. Inflation remains well away from the target two-percent rate, but the fact that unemployment figures have remained so low despite routine rate hikes reveals a lot about the resiliency of the current economy.
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12.24.2024
Animal fats, oils markets quiet amid Christmas holiday
The US animal fats and oils markets remained steady on Tuesday December 24, amid limited trading due to the Christmas holidays.
Market sources expected activity to remain subdued...
12.24.2024
US November broiler, turkey slaughter down year on year
US animal protein prices were steady on Tuesday December 24, with limited volumes reported to have been traded. With the proximity of the end-of-year holidays, most market participants are...
12.24.2024
US weekly soybean, wheat export inspections rise, corn falls
Weekly export inspections
Export inspections of US grains showed a decline for corn but an increase for soybean and wheat in the week to December 19, according to data...