Prices for organic feed commodities are mixed. Merchandisers tell Fastmarkets they remain bullish on wheat after a plentiful, high-grading crop reduced the supply of discounted feed wheat. This has resulted in novel trade flows that give us clues about overall market conditions.
An example of this is Western Canadian buyers sourcing feed wheat from the U.S. East Coast. Western Canada is a major producer of wheat but buyers in Manitoba have recently sourced organic Hard Red Spring (HRS) wheat from the U.S. About 95 percent of the HRS production in the U.S. occurs in the Northern Plains, in North Dakota, South Dakota, Minnesota and Montana.
…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...