Non-GMO corn prices remain steady with the premium relative to conventional hovering near 20-cents per bushel. There has also been very little movement in non-GMO soybean prices which continue to hover at $1.5 over conventional. The steady nature of corn is due to excess supply of non-GMO grain despite steady demand.
Non-GMO chicken sales continue to rise year over year, but likely declined month over month according to the Jacobsen insight. Non-GMO chicken sales are mainly at the retail level, except sales at Chipotle which is a major outlet for non-GMO chicken sales. Non-GMO chicken sales increased by 10% year over year for March but were flat for the 12-months ending March 2020. The trend in non-GMO chicken sales is upward sloping looking at a linear trend of the data series.
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04.22.2024
Animal fats and oils commentary: CWG prices fall on pressure from DCO
Steady slaughter levels, lower prices into the US Gulf for all feedstocks and lower prices for distillers’ corn oil (DCO) in the Midwestern markets have all weighed on the...
04.22.2024
Cattle slaughter more in line with 2023 as May nears
US cattle slaughter
Fastmarkets research forecasts cattle slaughter at 625,000 head in the week to Saturday April 27, less than half a percent lower than the same period in...
04.22.2024
Central Illinois soybean crush margins hit 5-week high
DDG prices remained steady in all regions on Monday April 22. Market sources said demand remains flat, and reported steady values that align with current price ranges.