The crush margin declined, dropping 9% to $1.95 per bushel. Lower soybean costs were more than offset by reduced amounts received in soybean oil and soybean meal sales. The value received from oil and meal sales, per bushel of soybeans crushed, dropped by 55 cents per bushel, while the price of soybeans declined by 35 cents per bushel. This allowed the estimated margin to drop by 20 cents per bushel. At $1.95 the margin…
12.24.2024
Animal fats, oils markets quiet amid Christmas holiday
The US animal fats and oils markets remained steady on Tuesday December 24, amid limited trading due to the Christmas holidays.
Market sources expected activity to remain subdued...
12.24.2024
US November broiler, turkey slaughter down year on year
US animal protein prices were steady on Tuesday December 24, with limited volumes reported to have been traded. With the proximity of the end-of-year holidays, most market participants are...
12.24.2024
US weekly soybean, wheat export inspections rise, corn falls
Weekly export inspections
Export inspections of US grains showed a decline for corn but an increase for soybean and wheat in the week to December 19, according to data...