Organic corn prices remain subdued hovering near the $7/$7.25 per bushel price picked up at the farm in the mid-west. As one moves east the prices are slightly higher. In the eastern mid-west prices are hovering closer to $7.50. Organic corn prices in the Pennsyvania region are trading near the $340/345 per short-ton for spot trade. There appears to be a small carry for Q4, pushing prices closer to $350.
While the demand for organic livestock remains robust, there could be a pullback in supply given the concerns producers and municipalities that slaughter houses will continue to be a breading ground for COVID-19. The recent pullback in organic chicken slaughtered and the reduction across the US of slaughter operations (mainly conventional), might create a trend in the reduction of slaughter. Most of the organic chicken sold in the US is distributed to the retail level, which should keep demand buoyed. Theoretically a decline in organic chicken slaughter in…
11.15.2024
October soybean crush reaches all-time monthly high; biofuel demand limits rise in soybean oil stocks
The National Oilseed Processors Association (NOPA) reported the October soybean crush at a record monthly high of 199.9592 million bushels, eclipsing the previous record of 196.406 million bushels set...
11.15.2024
UCO 2025 market clouded by China’s cancellation of export rebate
China will cancel its current 13% export tax rebate for used cooking oil (UCO), a key biofuel feedstock, effective December 1, the country’s Ministry of Finance and the State...
11.15.2024
US animal protein prices steady to firmer week on week; SBM under pressure
The US animal proteins market was steady to higher in the week to Friday November 15. Even with decreases in Chicago Board of Trade (CBOT) soybean meal futures, prices...