The estimated crush margin dropped eight percent this week as meal prices tumbled. Fortunately, oil pricing remained relatively resilient, declining by only one percent. Up until this week, meal prices have enjoyed strong demand, reaching price levels not seen since mid 2019. The value received from oil and meal sales per bushel of soybeans crushed decreased from $10.67…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...