Organic corn prices are stable and activity is very light. There appears to be enough corn to keep prices hovering near the $7 per bushel picked up at the farm, into the new crop. Organic soybean prices are also stable but there remains of seeing imports of meal and beans arriving in mid-late June. European merchandisers continue to see elevated prices and await the return of Chinese sellers. There was word late in the week of potential offers coming in below 1000-Euro per metric ton.

Long Term Trend in Flock size is Rising

The demand in the organic layer space should continue to rise over time, as the upward trend in flock size remains intact. The organic layer flock size is expected to rise nearly 2% year over year during the 2019/2020 season. This compares…