End users continue to limit their inventories of organic feed grains in anticipation of price changes. Merchandisers report increased activity ahead of the holiday weekend as end users scrambled to cover their needs.
Prices have so far remained relatively stable for organic corn but have still declined 13% since mid-September. This is to be expected from a seasonal trend perspective. East Coast organic corn is trading around the $400/short ton mark, which equates to over $11/bushel.
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12.24.2024
Animal fats, oils markets quiet amid Christmas holiday
The US animal fats and oils markets remained steady on Tuesday December 24, amid limited trading due to the Christmas holidays.
Market sources expected activity to remain subdued...
12.24.2024
US November broiler, turkey slaughter down year on year
US animal protein prices were steady on Tuesday December 24, with limited volumes reported to have been traded. With the proximity of the end-of-year holidays, most market participants are...
12.24.2024
US weekly soybean, wheat export inspections rise, corn falls
Weekly export inspections
Export inspections of US grains showed a decline for corn but an increase for soybean and wheat in the week to December 19, according to data...