Organic corn prices in the mid-West continue to remain bid near $9.50/$9.70 per bushel despite a robust harvest in many areas, including Wisconsin, Nebraska, Iowa, and Illinois. In Quebec, organic corn (which moves south to New York and Pennsylvania) competes with mid-Western corn moving east, is offered at $CAD 500 per MT.
Demand continues to keep pace with supply, despite a robust rise in organic corn imports in December. With U.S. retail sales at grocery stores in the United States increasing 10% year over year, it’s not surprising that organic feed demand is strong. As Fastmarkets/The Jacobsen has reported, the lack of organic winter-wheat has created a dynamic where feed mills continue to replace organic wheat with organic corn as an energy source. This scenario is likely to keep organic corn prices bid throughout the balance of the current marketing year.
Organic corn prices have been steadily rising since hitting…
05.06.2024
Strong biodiesel production seen weighing on crude glycerin prices
The whispers of declining biodiesel production are meeting with resistance. Some observers have been sounding the alarm regarding declining production for over a year now, but if true, biodiesel...
05.06.2024
Average weekly hog slaughter to decrease into mid-June: Fastmarkets’ research team
Distillers’ corn oil (DCO) prices fell to 42-43.5 cents per lb delivered US Gulf on Monday May 6 for May-June shipments. There was additional trading reported on the same...
05.06.2024
Year-to-date commercial cattle production falls 2.30% y-o-y
US animal proteins prices were steady on Monday May 6. Limited trade was reported, with several market participants only testing prices, Fastmarkets heard.
US hog slaughter
Fastmarkets research...