The estimated crush margin dropped 15 cents per bushel, falling from $1.44 per bushel to $1.29 as the value received from soybean meal continues to decline. A strong crush, operating at record highs recently, has kept the supply of soybean meal high. However, demand has been on the decline. Soybean meal exports have moved from 12.8 million short tons being projected as heading into the export market for the…
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...