Organic corn prices picked up at the farm remain heavy. Solid crack corn and organic whole corn imports in conjunction with old-crop carryover continue to weigh on prices. In its recent organic planting intentions survey, The Jacobsen asked the question to farmers focusing on how much of the old-crop was the ability to sell. The answer for organic corn is approximately 80%, which could mean that approximately 20% still is not sold ahead of the Q3.
This compares to approximately 90% for organic soybeans. If 20% of old-crop organic corn has yet to be priced, and import remains robust, organic corn prices will likely continue to face headwinds. New crop Q4 is currently hovering near $360 per short ton delivered. This puts mid-west prices close to $7.50 for the Q4
The search for organic chicken through online trends continues to remain…
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...