The crush margin has moved higher in five out the past 6 weeks. Surging soybean oil prices had been at the forefront of the move. This week though, a readjustment in the crush yield is benefitting the margin. Up through the end of March the crush had been yielding 45.95 pounds of meal and 11.77 pounds of oil per bushel of beans crushed. Meal sells for significantly more than oil. This week the crush shifted…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...