Organic feed grain prices in Europe remain stable. You cannot find any organic soybean meal, and organic corn and organic wheat activity is light. Organic corn is trading near 270-275 euros per metric ton in Constanta. Ukrainian organic corn is difficult to find, and the price relative to conventional will make new crop organic corn scarce. Producers of conventional Black Sea corn can sell near the CME future rate which is 238 Euros per metric ton, making organic less attractive. The hassle a farmer faces to sell organic over conventional makes the spread between organic corn and conventional corn less appealing to produce organic corn.
Trade data for the United States was released on Tuesday. Imports surged, pushing the U.S. trade deficit to a fresh record high in March. Stimulus checks were the driving impetus as U.S. consumers flush with government cash. According to the Commerce Department, the trade deficit surged to…
12.26.2024
East Coast renewable diesel supplies likely to decline: EIA
Renewable diesel supplies on the US East Coast could be cut in half starting in January as the Clean Fuel Production Credit (CFPC) replaces the expiring Blender’s Tax Credit,...
12.26.2024
US animal fats and oils markets mostly stable, with movement only in CWG
The US animal fats and oils markets were largely steady on Thursday December 26 amid limited trade activity due to the Christmas holiday.
The only notable activity observed...
12.26.2024
Avian flu spikes in poultry, cattle sector at end of 2024
US animal protein prices were steady on Thursday December 26, with limited volumes reported to have been traded.
US avian flu update
Year-to-date US poultry headcounts affected by...