Following up on yesterday’s commentary, there has been only loose historical correlation between organic feed commodity prices and conventional. That history though is relatively short, and the novel influences of COVID, spiking inflation, and geopolitics have an unknown impact on both conventional and organic crops and their prices relative to one another.
Conventional soybean oil prices have declined, and organic soybean oil prices followed suit in Q4 2023 following a short-term rally. Further losses in organic soybean oil have tracked conventional this month as well. Generally speaking, organic soybean oil tracked conventional prices in 2023, with conventional prices briefly topping organic.
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12.27.2024
US RD, SAF supplies remain strong despite declining import volumes
US supplies of sustainable aviation fuel (SAF) fell sharply in November but reached the highest November volume on record, according to data released on Thursday December 26 by the...
12.27.2024
Animal fats and oils end week steady amid holiday-limited trades
The US animal fats and oils markets held steady on Friday December 27, with limited trades persisting due to the holiday season.
Weekly averages were unchanged from the prior week...
12.27.2024
Relative prices of US meat and bonemeal rise amid depressed soybean meal market: 2024 recap
US animal protein prices were steady to lower on Friday December 27. Some participants reported distressed loads in the market late in the afternoon of Thursday December 26 and...