05.02.2024
UCO, heating oil spread widens
Yellow grease traded as low as 34 cents per lb delivered Carolinas on Thursday May 2, with additional volume heard at 36 cents per lb. Despite the decrease, offers...
Non-GMO corn prices remain steady with the premium relative to conventional hovering near 20-cents per bushel. There has also been very little movement in non-GMO soybean prices which continue to hover at $1.5 over conventional. The steady nature of corn is due to excess supply of non-GMO grain despite steady demand.
Non-GMO chicken sales continue to rise year over year, but likely declined month over month according to the Jacobsen insight. Non-GMO chicken sales are mainly at the retail level, except sales at Chipotle which is a major outlet for non-GMO chicken sales. Non-GMO chicken sales increased by 10% year over year for March but were flat for the 12-months ending March 2020. The trend in non-GMO chicken sales is upward sloping looking at a linear trend of the data series.
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