While organic corn prices and organic wheat prices remain subdued, the whipsaw price action in organic soybean meal prices expresses concern. There are few organic soybeans around ahead of the 2020/2021 harvest. Prices are hovering near the $21.50 per bushel level in Pennsylvania. Organic soybean meal prices are also getting elevated. Prices no longer appear to have 7-handle in front of them. The Jacobsen has seen prices offered from 800-860 per short-ton for Q3 between the Midwest and PA.
The cheese market has been on a tear, as conventional prices spiked to all-time highs (CME futures) last week. The runup was due to the surge in restocking. The conventional space is likely to ease as the decline in restaurant demand likely outweighs the rise in retail demand. With cheesemakers running at full capacity, prices will likely peak now that inventories are restocked.
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01.30.2025
Diamond Green Diesel will look to Europe for RD, SAF: Valero
The most attractive markets for renewable diesel (RD) and sustainable aviation fuel (SAF) are Europe and the UK, Eric Fisher, senior vice president of US-based fuels producer Valero, said...
01.30.2025
DCO holds firm while animal fats sentiment softens amid market uncertainty
Activity in the US animal fats and oils markets eased on Thursday January 30 as the month neared its end on a more cautious note amid ongoing uncertainty.
01.30.2025
Limited hide bidding interest; some Chinese tanners engage for discounts
Several hide sellers noted limited bidding interest on Thursday January 30, except for one packer who received strong volume bids from Chinese upholstery and shoe tanners despite the ongoing...