Organic corn prices remain soft and continue to feel the impact of higher imports and temporary loss of demand during April and early May. While demand has rebounded, the softness came just as imports surged creating an overhang that has yet to be worked off.
Organic chicken slaughter by weight has rebounded back to the levels that are consistent with this time of year. The 4-week moving average of organic chicken slaughter by weight has surged higher following a drop in April due to the closures of several slaughterhouses throughout the United States. In mid-April, there were three slaughterhouses in Pennsylvania alone that were closed due to the spread of COVID-19. Three months later, nearly all the slaughterhouses in the US are open or partially open.
The decline in organic chicken slaughter…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...