04.24.2024
Biodiesel output strong in Q2; producers start locking in Q3-Q4 sales
A second producer echoed this sentiment and said they have had to work a bit harder to secure feedstock to line it up with sales at the right time.
Organic corn prices in Europe remain elevated. The surge in conventional corn prices in the Black Sea region continues to help buoy organic corn prices in the region. Merchandisers are quoting organic corn out of Romania at 265-Euros per metric ton or $315. Organic corn prices in the PA region are steady but have edged higher and are quoted near $8.75-$9 per bushel. Prices in Romania, which is a producing region are equal to prices in Pennsylvania, which is a consuming region. This reflects the strong draw of conventional corn in the black sea region.
Organic Turkey Slaughter Continues to Trend Higher
The rise in organic turkey slaughter which is a reflection of robust demand continues to be very impressive. The most recent data from the Federal Inspections Agency shows that organic turkey slaughter dipped slightly week over week, but is up on average over the past 2-weeks with the first week of November hitting an all-time high. Organic turkey…