Shipping Rates Continue to Drive a Divergence in Organic Grain Prices

Shipping Rates Continue to Drive a Divergence in Organic Grain Prices

 

Organic turkey slaughter in the United States dipped in the last week of August but remained above 2.5-million pounds per week. The average number of pounds slaughtered during the first 8-months of 2021 is slightly above 2-million, approximately 10% above the same period in 2020. The strong demand for organic ground turkey as a ground beef substitute continues to drive organic turkey demand. At the same time, the trend in organic chicken slaughter has leveled off after rebounding from a lull experienced during April and May 2020, as slaughterhouses closed due to the spread of COVID.

Trucking Pricing is Likely to Rise

Trucking rates are likely to rise, putting further upward pressure on organic feed grain prices in Pennsylvania, New York, and California. It appears that Chicago has emerged as a new bottleneck in the global supply chain as rail and trucking operators struggle with…

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