Organic corn and soybean markets are fragmented and separated by a considerable distance. Issues related to supply and demand are frequently limited to individual trade flows but can apply to broader geography as well.
The Midwest is a key producing region for organic corn and soybeans, but there is relatively little demand there. Iowa organic poultry and some hog production is the exception. Significant demand exists on the East and West Coasts with a concentration of organic poultry producers in Pennsylvania and California.
East Coast pricing factors in the considerable freight costs required to move individual or small groups of rail cars or trucks over 1,000 miles to an end user. This limits the arbitrage potential for…
11.11.2024
Falling biodiesel margins lead to expectations for higher RINs, lower feedstock cost
Biodiesel margins continued to fall during the week ending Friday November 8, with rising feedstock cost pushing the soybean oil/heating oil (BOHO) spread to its highest level in more...
11.11.2024
DCO starts the week higher; hog slaughter increases slightly
Distillers’ corn oil (DCO) traded higher out of the FOB Midwest markets on Monday November 11 in what was otherwise a quiet market to start the week.
A...
11.11.2024
US cattle slaughter continues to fall behind 2023 levels
Trading was quiet in the US animal protein market on Monday November 11, with no price changes reported.
Cattle slaughter
Fastmarkets’ research team forecasts cattle slaughter at 625,000...