Food prices and broader economic conditions play a significant role in organic animal protein demand, as we routinely note in daily bulletin commentary. Consumers are making food choices now for their Thanksgiving meal next week, some of whom abandon their budgets for a holiday meal, though many are not afforded the luxury.
Along with declining inflation and falling food prices, a glut has caused conventional wholesale turkey prices to decline 29 percent year over year. Retail prices for conventional turkey have declined 13 percent year over year, making it an attractive option for cost-conscious consumers.
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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...