The estimated crush margin moved lower again this week, making it the 8th consecutive week of lower processing margins and has dropped in 11 of the past 12 weeks. The cost of soybeans moved higher by 13 cents per bushel over the past week while the value received from oil and meal sales, per bushel of soybeans crushed, increased only 7 cents per bushel. The end result had the margin falling by 6 cents per…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...