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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10.17.2024
US DOE to guarantee nearly $3 billion in SAF loans to Gevo, Montana Renewables
The US Department of Energy’s Loan Programs Office announced on Wednesday October 16 conditional commitments for up to $2.9 billion in loans for two sustainable aviation fuel (SAF) producers.
10.17.2024
US fats and oils markets quiet amid industry event; DCO production up
The US animal fats and oils markets were quiet on Thursday October 17, with the majority of participants attending the American Fats and Oils Association (AFOA) event in Nashville.
The...
10.17.2024
US animal proteins market steady on October 17
US animal protein prices were steady on Thursday October 17, with market participants indicating a slow day for trading.
September USDA Feed Outlook
Grain consuming animal units (GCAUs)...