The Federal Reserve raised short-term borrowing rates again to a range of 5.25-5.50 percent, the highest in 22 years. The market had already priced in this rate hike and instead was looking for clues as to what the Fed might do in its next meeting. The Fed is still concerned with job growth which is essential to stabilizing demand through consumer purchases of organic poultry, dairy, and eggs.

Organic grain shipments are on their way to the United States. According to the Morehead City, North Carolina and Wilmington, Delaware shipping schedules; two ships are likely carrying organic grain into these ports. The “Strategic Energy” is in the Mediterranean and on its way to Morehead City with an origin of Giresun, Turkey.

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