Inactivity is the only way to describe the current state of the organic grain markets. Bids and offers continue to widen, as the game of ‘chicken’ continues to generate price discovery. Merchandisers tell Fastmarkets that some bids for organic corn on the East Coast have dropped below $400, while offers remain near the $435 level.
We have harped on the concept that despite lower prices for organic feed ingredients, demand remains strong likely due to a robust jobs market. A strong jobs market allows people to consume organic poultry, dairy, and eggs, using their discretionary income.
…
09.17.2024
US glycerin prices rangebound amid market uncertainty
The US glycerin market remained rangebound in the week to Tuesday September 17, with prices for 80% crude and kosher crude glycerin steady to slightly higher. Biodiesel producers are...
09.17.2024
US animal fats and oils mostly stable; CWG edges higher on strong demand
The US animal fats and oils markets were stable to slightly higher on Tuesday September 17, with minimal trading as some sources cited “well-covered” positions for the month.
09.17.2024
US porcine, ruminant bloodmeal prices fall; USDA slightly raises forecast for GCAU count in 2024/25 [corrected]
Prices were rangebound for most items on the US animal proteins market on Tuesday September 17. The exceptions were bloodmeal in the Missouri River, Texas Panhandle and Indiana markets,...