The estimated crush margin dropped 4.6% this week, continuing its current trend where it has made a move lower in 11 out of the past 12 weeks. Despite continued strength in the soybean oil sector and falling soybean prices, the margin continued to move lower. Weakness in the meal market appears to be the factor driving the margin lower. Meal prices fell 3.6% or 11.70 per ton over the past week while the edible oil…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...