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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07.26.2024
US Court of Appeals sends SRE decision back to EPA; soyoil prices tumble on potentially lower biofuel demand
On Friday July 26, the US Court of Appeals vacated at least some of the blanket small refinery exemption (SRE) denials made by the Environmental Protection Agency (EPA) in...
07.26.2024
Animal fats and oils trade freezes following soybean oil market drop on SRE report
Trading in the animal fats and oils market was quiet on Friday July 26; the California yellow grease market the only one to rise, with prices up to 31-32...
07.26.2024
Porcine bloodmeal, Missouri River, moves higher week on week; June commercial cattle, hog slaughter
US animal protein prices were highly mixed in the week to Friday July 26, with limited trade on both Thursday July 25 and on Friday. Porcine bloodmeal was the...