The estimated crush margin fell once again, making this the fifth consecutive down week with lower margins. Margins have moved lower in 8 out of the past nine weeks and at $2.44 per bushel are well off the September 2014 high of $6.11.
This week the margin dropped 4.5% on higher soybean costs and slightly lower values received for soybean meal. Soybean oil prices moved higher, gaining 2.2% for the week and were…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...