Organic Feed Markets Steady

Organic Feed Markets Steady

Organic feed markets continue largely unchanged.  Merchandisers report a continued use of “just in time” inventory practices, resulting in smaller lots and more frequent ordering.  Before inflation prompted interest rate increases, buyers maintained deeper inventories. 

There is some hope on the part of merchandisers that as interest rates are lowered, buyers will increase their appetite for risk and return to the days of over-buying.  This buying spree was not typical, but rather a response to volatility, and many buyers found themselves subsequently carrying grain through a period of declining prices.

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04.19.2024

Reduced March RIN production not leading to higher RIN Prices

Reduced March RIN production not leading to higher RIN Prices

Total March biofuel RIN production was 1.9 billion RINs, which was 6% below February and 15% below December’s RIN output of 2.25 billion. December had the largest monthly production...

04.19.2024

CWG, YG higher on week, UCO, DCO down again

CWG, YG higher on week, UCO, DCO down again

The market was quiet heading into the weekend. Used cooking oil (UCO) traded in large volume into the Gulf at 40 cents per lb delivered in the truck market.

04.19.2024

Price pressure on ruminant and porcine items for the week

Price pressure on ruminant and porcine items for the week

Sloppy markets were reported for porcine and ruminant items at the close of week ending Friday April 19.

Wide ranges were witnessed on porcine bloodmeal (BM), with a...

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