National Organic Grain and Feedstuffs: October 12

USDA Livestock, Poultry & Grain Market News – Feed corn demand moderate to good in the Midwest, demand very good on the eastern coast with trade good and prices steady to firm. Feed soybean trade too light to trend. Trade activity expected to pick up after new crop yield results. Lower soybean bids are due largely to imported soybean meal prices. Soybean meal trade light on light demand. Soybean oil trades too limited to trend, but steady undertones noted. Feed wheat, barley, and oats trade too limited to trend. Forward contract activity very good on corn and soybeans. Organic egg market long, causing some feed mills to limit how far out they contract. Hay trade and demand light.

According to NASS’s National Crop Progress Report for the week ending October 9, 2016, percentages were: corn mature 93 per cent, harvested 35 per cent; soybeans dropping leaves 91 per cent, harvested 44 per cent; cotton bolls opening 80 per cent, cotton harvested 22 per cent; sorghum mature 82 per cent, harvested 48 per cent; winter wheat planted 59 per cent emerged 34 per cent.

To view the latest market report courtesy of the USDA, click here.