Organic feed markets continued to move sideways, with no significant price swings in December. Market participants are taking a beat and looking to the incoming Trump administration for signals. There is no guarantee that late 2024 announcements by the Trump transition team will result in actual policy changes, but how does one know?

Uncertainty around key policies like tariffs or the independence of the Federal Reserve has decision makers exercising caution. 

Continued interest rate cuts will help drive demand, as buyers look to secure future inventory needs without the higher costs of carrying it.

The organic segment is not alone in its paralysis. Other key industries are pausing, waiting for January as we approach the historically quiet holiday season.

Tax credits for renewable fuels are in question, with the lack of clarity around the future of Section 45Z and the Inflation Reduction Act…