USDA Livestock, Poultry & Grain Market News – Compared to two weeks ago, grower bids on feed grade organic grains were steady with instances of 1.75 higher. Feed grade corn demand was moderate to good with trade active and prices steady to firm.
Feed soybeans traded .75 lower on a light test, with demand being light to moderate. Soybean meal traded 8.33 per ton lower on limited trades. Soybean oil traded mostly .38/lb on light demand with trade activity slow and prices steady.
Wheat trades slow with no comparable trades for an adequate market trend, but a steady undertone noted. Forward contract activity good on corn and soybeans. Organic hay trades too limited to trend. Trade activity on all other organic grains inactive.
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*All prices listed in US dollars