Organic Chicken Slaughter Continues to Rebound

Organic Chicken Slaughter Continues to Rebound

Organic wheat prices remain stable with little activity along with organic corn prices which are hovering near $7.0/$7.10 in the mid-west. With organic corn prices as depressed levels, organic wheat is not a clear substitute as an energy source to replace organic corn for feed. Organic milling wheat has seen an uptick in demand due to perceive increases in capital expentitures in the organic wheat food sector.

The Jacobsen is hearing that some consumers are covered for all of 2021, while most appear to be covered until the Q2. While organic corn prices have traded as slow as $320 per short ton on the east coast, they are offered closer to $335 on the west coast.

Organic chicken weight slaughter has rebounded sharply and has recaptured the linear trend, recovering from the lows seen in April. The uptick in the slaughter numbers by weight is a function of robust demand for organic chickens as well as a rebound from the closure of slaughterhouses during April when COVID swept across several plants. It appears that all of the slaughterhouses that were closed on the east coast have reopened. There are a few in the mid-west that are currently closed, none appear to be chicken slaughter operations.

organic chicken weight slaughter

While the organic chicken weight slaughter declined and rebounded recent increase could allow the total for the balance of 2019/2020 to meet the historical average. The average of the past 12-weeks of organic chicken weight slaughter is back to the highs last seen in March. For the 12-months ending June 2020, organic chicken weight slaughter is down 2% year over year. With most of the organic chicken slaughterhouses back online and higher volumes of organic broiler sales according to The Jacobsen, organic chicken weight slaughter is likely to continue to move higher in the coming weeks.

Blog

06.04.2021

What’s Ahead in the FOG Markets?

What’s Ahead in the FOG Markets?

Rising Tide – What’s Ahead in the FOG Markets Ryan Standard, Fastmarkets / The Jacobsen The following video is a capture from The Jacobsen Fuels & Feedstocks Virtual Conference...

05.20.2021

April Renewable Fuel Consumption Slows

April Renewable Fuel Consumption Slows

The Environmental Protection Agency (EPA) reported 1.42 billion gallons of renewable fuel was consumed during April, a four percent decline from March but 55 percent above April 2020. Renewable...

05.20.2021

The Future of Cannabinoid Hemp Markets

The Future of Cannabinoid Hemp Markets

What is the future scope and scale of cannabinoid hemp markets?  Discussions of supply and demand for cannabinoid hemp products gravitate towards comparing an existing company’s sales volume and the...

Latest Tweets

We're less than 16 days away from our Jacobsen Fuels & Feedstock conference. ... https://events.fastmarkets.com/event/f3df1451-f1c1-497d-8818-6be13ef527cc/websitePage:c527be9c-af69-48d1-a107-b3eab50abd0a?utm_campaign=oilseeds&utm_medium=social&utm_source=twitter #renewables #feedstocks #biofuels

We are excited to announce that we have acquired @thejake1865, expanding and strengthening our agriculture business and bringing new insights and capabilities to our customers. ... Learn more: http://spr.ly/6019HddQb

#FastmarketsAgriculture #agriculture #acquisition

Load More...