**Please note**The Jacobsen offices will be closed on Monday, May 25th in observance of the Memorial Day holiday.**
The estimated crush margin held steady this week as reduced soybean cost was offset by lower soybean oil and meal income. Revenue from soybean meal sales declined six dollars per ton, or two percent to $289.70, while soybean oil prices increased 3.3 percent to 25.59 cents per pound. The value received from oil and meal sales per bushel of soybeans crushed moved from $9.68 per bushel to $9.64 while soybean prices declined four cents to $8.39 per bushel. This left the margin unchanged at $1.25 per bushel. The crush margin is 41 percent below levels seen at this time last year.
The National Oilseed Processors Association (NOPA) reported the April US soybean crush fell 5.3 percent below the all-time record crush in…
04.22.2024
Animal fats and oils commentary: CWG prices fall on pressure from DCO
Steady slaughter levels, lower prices into the US Gulf for all feedstocks and lower prices for distillers’ corn oil (DCO) in the Midwestern markets have all weighed on the...
04.22.2024
Cattle slaughter more in line with 2023 as May nears
US cattle slaughter
Fastmarkets research forecasts cattle slaughter at 625,000 head in the week to Saturday April 27, less than half a percent lower than the same period in...
04.22.2024
Central Illinois soybean crush margins hit 5-week high
DDG prices remained steady in all regions on Monday April 22. Market sources said demand remains flat, and reported steady values that align with current price ranges.