Organic animal protein sales at supermarkets are steady to slightly lower. Fastmarkets believe egg and dairy sales are flat, and broiler sales are down. Third-party vendor information shows that organic broiler sales were down approximately 8.0% in 2023.
The trajectory of discretionary income and spending are uncertain, and the market participants believe that the Fed will now hold rates unchanged until at least June 2024. Rate cuts, which will lift liquidity and spending, have been pushed back to later in the year due to the stickiness of inflation.
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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...