The estimated crush margin has moved lower in seven out of the past eight weeks, dropping from $2.24 per bushel in September to $1.38 this week. A record soybean harvest has soybean prices at levels not seen since late 2008/early 2009. Lower bean prices usually benefit the margin, but currently, strong soybean supply has been met by a strong crush, which has boosted both the supply of oil and meal. Unfortunately…
01.17.2025
US renewable fuel production hits all-time high; biomass-based diesel output surges to capture end of BTC
The $1-per-gallon Blenders Tax Credit (BTC) ended on December 31, 2024. Monthly US renewable fuel production hit an all-time high of 1.96 billion gallons of fuel, generating 2.31 billion...
01.17.2025
Packer BFT ticks upward; most animal fats and oil markets close the week higher
Three cars of packer-grade bleachable fancy tallow (BFT) traded higher on Friday January 17, at 47 cents per lb, Chicago basis.
Outside of this trade, the US animal...
01.17.2025
Limited trade keeps US animal protein prices flat week on week
US animal proteins prices were generally flat for the week to Friday January 17, though prior price moves from last week for meat and bonemeal, bloodmeal and poultry by-product...