The estimated crush margin fell 1.4% or 3 cents per bushel over the past week. Higher soybean prices and weaker soybean oil values more than offset a slight increase in the value received from soybean meal sales. The value of soybean oil and meal per bushel of beans crushed rose 11 cents per bushel, while the cost of soybeans increased 14 cents. This moved the estimated crush margin from $2.42 per bushel to $2.39.
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04.22.2024
Animal fats and oils commentary: CWG prices fall on pressure from DCO
Steady slaughter levels, lower prices into the US Gulf for all feedstocks and lower prices for distillers’ corn oil (DCO) in the Midwestern markets have all weighed on the...
04.22.2024
Cattle slaughter more in line with 2023 as May nears
US cattle slaughter
Fastmarkets research forecasts cattle slaughter at 625,000 head in the week to Saturday April 27, less than half a percent lower than the same period in...
04.22.2024
Central Illinois soybean crush margins hit 5-week high
DDG prices remained steady in all regions on Monday April 22. Market sources said demand remains flat, and reported steady values that align with current price ranges.