Organic Chicken Slaughter Rebounds Sharply

Organic Chicken Slaughter Rebounds Sharply

 

Organic corn prices remain stable and while imports are likely to tail off slightly during the balance of the 2019/2020 season, few still need to cover positions. Prices in the Q4 are trading near $340 per short ton delivered in Pennsylvania. There does appear to be a carry. Prices for the Q3 have traded near $360 per short ton in PA. Demand for feed is stable but could be rising if continued demand at the retail level for organic animal proteins (organic chicken, eggs, dairy) remains on an upward trajectory.

What is clear is the organic chicken slaughter has rebounded from its drop which was experienced in April. Organic chicken heads slaughtered increased to a 6-month high in the second week of June nearly matching the 2019 highs for heads slaughter. After bottoming in late April the 4-week moving average of Organic chicken heads slaughter rebounded sharply, as slaughterhouses attempt to play catch up. A question for investors in this space is whether meat demand will continue to rise. Plant-based companies believe they have the upper hand.

chicken slaughter graph

On Tuesday, Starbucks announced that it would sell plant-based breakfast sausages, throughout the summer. The CEO of Impossible Foods was on CNBC on Tuesday and seat that he believes the meat industry might be obsolete in 15 years He claims that from a nutritional standpoint the plant-based products match the protein quality and content of the animal products that they replace.

 

Blog

11.11.2024

Falling biodiesel margins lead to expectations for higher RINs, lower feedstock cost

Falling biodiesel margins lead to expectations for higher RINs, lower feedstock cost

Biodiesel margins continued to fall during the week ending Friday November 8, with rising feedstock cost pushing the soybean oil/heating oil (BOHO) spread to its highest level in more...

11.11.2024

DCO starts the week higher; hog slaughter increases slightly

DCO starts the week higher; hog slaughter increases slightly

Distillers’ corn oil (DCO) traded higher out of the FOB Midwest markets on Monday November 11 in what was otherwise a quiet market to start the week.

A...

11.11.2024

US cattle slaughter continues to fall behind 2023 levels

US cattle slaughter continues to fall behind 2023 levels

Trading was quiet in the US animal protein market on Monday November 11, with no price changes reported.

Cattle slaughter
Fastmarkets’ research team forecasts cattle slaughter at 625,000...

Latest Tweets