Growing Organic Chicken Demand Buoys Organic Grain Prices

Growing Organic Chicken Demand Buoys Organic Grain Prices

US organic chicken slaughter by weighed climbed in the last week of September according to the Jacobsen insight. While the trend continues to point to solid demand it will unlikely influence short term organic corn prices. This will likely be the case for most of the organic grain prices. Total organic chicken weight slaughtered rebounded back above 9.2 million pounds in the last week of September hitting the highest level since May of 2019. Total organic heads slaughtered increased to 1.426 million heads up 8% week over week according to the Jacobsen insight.

For the harvest season-ending 9/30/19, organic chicken weight increased approximately 2% year over year. Heads slaughtered reading in a relatively tight range, hitting a high in December of 2018 at 9.4 million heads. The increase in organic chicken slaughter volume could offset any downward price prices on organic corn prices and organic grain prices driven by organic dairy volume.

Retail organic chicken sales in the United States rose to 51-million dollars in September according to the Jacobsen insight. This was a 23% rise month over month. For the 2018/2019 season organic chicken retail sales rose to 562 million up 3% year over year according to the Jacobsen. Slightly higher organic chicken prices account for the increase in the total value of sales. Volume of retail sales was up 2% in line with the organic chicken weight slaughtered.

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11.27.2020

Grain & Feed

Grain & Feed

PROGRAMMING NOTE: The Grain and Feed Bulletin will not publish on Thursday, Nov. 26. We'll print a price update on Friday, Nov. 27 and be back to our normal schedule...

11.27.2020

Cut in Indian Palm Oil Tax Sparks Rally in Veg Oil Futures

Cut in Indian Palm Oil Tax Sparks Rally in Veg Oil Futures

Cut in Indian Palm Oil Tax Sparks Rally in Veg Oil Futures

Soybean oil prices rallied during the shortened trading session on Friday as overnight strength...

11.25.2020

Organic Wheat Prices Are Stable Despite Rise in Flour Demand

Organic Wheat Prices Are Stable Despite Rise in Flour Demand

 

Happy Thanksgiving!

 

Organic wheat prices remain stable, and after briefly rising in tandem with conventional prices, organic feed wheat has moved back in line at a discount to organic corn...

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