Organic feed commodity markets continue unchanged as the new year commences. Besides the rush to service animal feeders prior to, and over the course of the holidays, markets are slow. Broader economic conditions continue to be the most salient concern in 2024 insofar as demand for organic products is concerned.
Soybean meal has maintained its $800/short ton floor in all markets. There have been reports of sharp freight increases on the back of attacks by Houthi rebels on Red Sea shipping concerns. The situation in the Panama Canal had already put significant pressure on global shipping.
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05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...