Organic grain trading activity in Europe remains subdued. Organic corn prices are on the defensive as old crop inventories are attempting to hit bids. Elevated conventional corn prices appear to be buoying organic old-crop corn prices. Prices are hovering in the 260-270 Euro range in Constanta and close to 310-320 delivered in western Europe. Similar to the United States, there does not appear to be any organic soybean meal around. Prices are high if you can find any, and shipping rates continue to be elevated. Any organic soybean and by-products that were shipped from India to the Eurozone have likely been reduced significantly. This export activity is similar to the decline in organic soybean and organic soybean meal that have made their way to the United States
According to The Jacobsen, organic egg sales continued to trend higher and rose…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
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CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...