Non-GMO corn price premiums to conventional remain steady, with corn hovering near $0.25 above conventional and soybeans near $1.50 over conventional. While the export market for non-GMO soybeans remains steady, there could be a pickup in demand for non-GMO feed.
The non-GMO planting season is underway along with conventional. Non-GMO soybeans are usually planted at the same time as conventional, compared to organic which is generally delayed. Organic to the USDA Iowa, Illinois, and Indiana soybean planting reached 30%, 33%, and 17% respectively. Iowa and Illinois are ahead of the averages, while Indiana trailed.
The jump in grocery store retail sales for non-GMO animal proteins has surged and non-GMO beef sales have helped lead the charge. Non-GMO retail beef sales rose 55% year over year for the…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...