The estimated crush margin improved 14 percent as the cost of soybeans declined while the revenue streams increased. The value received from oil and meal sales per bushel of soybeans crushed moved from $10.28 to $10.34 per bushel while the price of soybeans fell 12 cents to $8.90 per bushel. The margin expanded 18 cents to $1.44 per bushel. Soybean prices are six percent higher compared to a year ago and oil values are nine percent over last year, but meal prices are down two percent. The crush margin is 18 percent below levels seen at this time last year.
The National Oilseed Processors Association (NOPA) reported the June US soybean crush declined 1.4 percent from May, while soybean oil stocks dropped 11 percent, continuing to retreat from a seven-year high reached in April. The June crush came in two percent below analyst expectations, marking the second…
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.