Organic Soybean Meal Seasonality Points to Lower Prices

Organic Soybean Meal Seasonality Points to Lower Prices

Organic soybean meal prices are continuing to bifurcate, with domestic meal remaining close to $800 per short-ton while imported meal prices have drifted lower down to the $760 range. Prices in India have slipped below the $600 per metric ton level, but transport costs to the US have remained elevated.

There are several consumers in the US, that will not use imported organic grains as part of their feed products, and appear to be willing to pay higher levels for products that have their origins in the United States. Unfortunately, if you are a domestic farmer and do not have access to those customers, you are competing against a meal that has experienced a seasonal price decline ahead of a new crop. This interest in domestic originated organic soybean meal, helping to further diverge the price between the US and organic soybean meal imports.

organic soybean

You can see from the average monthly price of organic soybean meal mid-west picked up at the crush from The Jacobsen, that the price trend has historically declined throughout the year peaking in February and trending lower throughout the year. The decline in the average price is mimicked when looking at a seasonal chart of organic soybeans mid-west picked up at the farm. Prices remain buoyed and while the volume of organic soybean meal from India is expected to increase, there will still likely be fits and starts as potential delays in shipments generate volatility in the organic soybean meal market.

Blog

11.13.2024

Neste, Air Canada sign SAF agreement for Vancouver

Neste, Air Canada sign SAF agreement for Vancouver

Finnish transport fuel producer Neste and Air Canada have signed an agreement for the delivery of approximately 20 million gallons of sustainable aviation fuel (SAF) for use by the...

11.13.2024

CWG prices up slightly; DCO movements mixed

CWG prices up slightly; DCO movements mixed

The US animal fats and oils markets remained mostly stable to slightly higher on Wednesday November 13, with a modest increase in trading, though many participants continued to exercise...

11.13.2024

2024/25 grain consuming animal unit headcounts increase by 0.39%

2024/25 grain consuming animal unit headcounts increase by 0.39%

Meat and bonemeal, porcine and ruminant, Missouri River were lower on Wednesday November 13. Market sources told Fastmarkets that there are varied poultry and layer feed demand levels, with...

Latest Tweets