Prices Steady on Unclear Supply

Prices Steady on Unclear Supply

Organic feed wheat prices remain steady.  There is no clear indication on supply, which is preventing any dramatic price movement in organic feed markets.  Conventional wheat markets suffer from the same uncertainty, but alleged scarcity on the horizon has not buoyed prices.

Wheat futures markets have been unmoved by recurrent news of supply issues. Similar forecasts a year ago – as well as in 2022 – warned of historically low supply that did not materialize, causing fatigue in traders over the issue. Russian and Ukrainian exports continue to grow and the novel circumstances affecting both production and shipping there make predictions difficult.

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05.16.2024

Animal fat prices steady on limited volume traded

Animal fat prices steady on limited volume traded

Fastmarkets price assessment for edible tallow, fob Chicago was $52.00 cents per lb on 14 railcars, steady from $52.00 cent per lb on Wednesday May 15.

On Thursday,...

05.16.2024

Grain consuming animal units forecast lower for 2023/24, 2024/’25

Grain consuming animal units forecast lower for 2023/24, 2024/’25

Animal protein prices were steady on Thursday May 16.

Market sources reported an uptick in interest, but the upcoming Memorial Day holiday, lower prices for distiller dried grains...

05.16.2024

International animal fats and oils, May 16 2024

International animal fats and oils, May 16 2024

Market sources also reported that UCO traded at €1,065 per tonne on a DDP France basis, while deals for imported UCO were heard at $975 per tonne CIF Rotterdam,...

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