Organic feed wheat prices remain depressed along with organic corn prices. Organic feed wheat prices are hoving near the $6/$6.25 level FOB the farm. Low corn prices are making feed wheat less attractive and will likely continue to weigh on prices.
Food-processing companies have spent millions of dollars on testing and safety to stay in operation during the pandemic. Now they are looking to the next phase, which is determining how much of that spending is here to stay and how to get higher production in a new reality. Several producers have begun offering on-site tests at plants in areas with significant outbreaks. The cost to revamp the plants can exceed $100,000 per plant, according to a recent article in the Wall Street Journal.
Organic chicken slaughter by weight eased in the last week of…
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...