Organic corn prices ahead of the new crop continue to ease. It does not appear that organic corn is in high demand and most consumers are covered. Bids are coming in near $6/6.25 per bushel mid-west picked up at the farm. Merchandisers are saying that $6.50 could get some small trades done for the farmer that is looking to relieve some storage space. With a bumper crop expected, organic corn prices could continue to remain under pressure, even into the new crop season. Prices have a carry, and few farmers are willing to trade below $7 per bushel mid-west picked up at the farm.
Despite the decline in organic corn prices that are feed grade, there appears to be solid demand in the food-grade space. Organic corn chip sales continued to rise in July according to The Jacobsen. The trend in this space has been buoyed by strong grocery store sales in the wake of the spread of COVID-19. Organic corn chip sales…
11.25.2024
Glycerin prices mostly stable even amid tightening kosher supplies
Glycerin prices were mostly stable on Monday November 25, with one source saying “market prices seem to be holding for now.”
Kosher glycerin supplies are “getting tighter,” according...
11.25.2024
Packer BFT, CWG trade higher; hog slaughter down week on week
Prices for packer-grade bleachable fancy tallow (BFT) moved higher on Monday November 25, in an otherwise quiet trade day ahead of the Thanksgiving holiday.
Five cars of packer BFT traded...
11.25.2024
Cattle slaughter six-week average projection down for holiday season
Trading was generally quiet in the US animal protein market on Monday November 25, though price ranges adjusted slightly in typical pre-holiday fashion.
Price pressure on ruminant meat...