End users continue to limit their inventories of organic feed grains in anticipation of price changes. Merchandisers report increased activity ahead of the holiday weekend as end users scrambled to cover their needs.
Prices have so far remained relatively stable for organic corn but have still declined 13% since mid-September. This is to be expected from a seasonal trend perspective. East Coast organic corn is trading around the $400/short ton mark, which equates to over $11/bushel.
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12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...