Organic Chicken Feed Demand Could Rise

Organic Chicken Feed Demand Could Rise

Organic soybean prices continue to remain elevated, as demand continues to remain steady. Organic prices generally experience a seasonal decline during the months leading into the harvest. Organic soybean prices are currently trading near $605 per metric ton FOB India. Organic soybean meal is currently slightly lower hovering near $595 FOB India. The Jacobsen has also heard that prices are near $660 per short-ton picked up in Baltimore post transloading and customed clearing.

There appears to be a solid pickup in organic chicken slaughter, which has pushed the 4-week moving average of organic chicken slaughter back up above the long term trend. Organic chicken slaughter has rebounded and is currently down less than 1% year over year for the 7-months ending July 2020. The rebound in organic chicken slaughter since the closure of several slaughterhouses on the east coast and mid-west has been robust. For the 3-months beginning in May of 2020, organic chicken slaughter has increased by nearly 1% compared to the same period in 2019. The make-up in organic chicken slaughter should eventually spill over into feed demand, keeping organic soybean prices buoyed.

organic chicken slaughter

Pro-Farmer is Reporting an Increase in Organic Production from Mennonites

Mennonites in the mid-west rate increasing their share of organic production according to Pro-Farmer. The group continues to boost interest in organics, moving away from conventional dairy. The bulk of recent tiling business has been in the organic sector, largely fueled by a group of Mennonites expanding organic production.

Blog

03.27.2024

Illinois Legislation Aims to Create a Clean Transportation Standard

Illinois Legislation Aims to Create a Clean Transportation Standard

Illinois is looking to become the fifth sate to create a clean fuel transportation standard. The Illinois version, if passed, may not be as robust as the ones...

03.27.2024

Sellers see steady to higher prices on interior market trades

Sellers see steady to higher prices on interior market trades

Distiller’s corn oil (DCO) traded higher into the Manly, IA market today, topping out at a high of 47.75 cents lb. Trading into the Gulf and on an FOB...

03.27.2024

Aprill broiler slaughter forecasted below 2023

Aprill broiler slaughter forecasted below 2023

The proximity of the extended Easter holiday weekend kept some participants off the market at mid-week, leaving values generally steady.

Poultry by-product pet grade was reported lower in...

Latest Tweets