While organic corn prices are attempting to form a bottom, and are hovering near the $6.75 per bushel range, while conventional prices are on the move. Goldman Sachs was on the tape saying that they believe that the dynamic with the falling dollar will continue to perpetuate during 2021 driving commodity prices higher. The heavy surplus of organic corn that is available in the US will likely keep prices capped near the $7 range, despite rising conventional corn prices. Issues could potentially rise in the 2021/2022 season if farmers determine that it’s easier to lock in future conventional corn prices at elevated levels and transition back to conventional corn.
The organic chicken slaughter by weight continues to hover near the upper end of the current range…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...