The estimated crush margin declined four percent as the cost of soybeans increased at a more rapid pace than revenue streams. The value received from oil and meal sales per bushel of soybeans crushed increased from $10.54 to $10.58 per bushel while the price of soybeans pushed 10 cents higher to $9.12 per bushel. The margin narrowed six cents to $1.46 per bushel. Soybean prices are 6.7 percent higher than they were a year ago, oil values are up 10.7 percent, but meal prices are down one percent from last year. The crush margin is 16 percent below levels seen August 22, 2019.
The US Department of Agriculture’s (USDA) June crush data was in line with expectations from the data previously released by the National Oilseed Processors Association (NOPA) in mid-July. Per the USDA, 177.3…
11.25.2024
Glycerin prices mostly stable even amid tightening kosher supplies
Glycerin prices were mostly stable on Monday November 25, with one source saying “market prices seem to be holding for now.”
Kosher glycerin supplies are “getting tighter,” according...
11.25.2024
Packer BFT, CWG trade higher; hog slaughter down week on week
Prices for packer-grade bleachable fancy tallow (BFT) moved higher on Monday November 25, in an otherwise quiet trade day ahead of the Thanksgiving holiday.
Five cars of packer BFT traded...
11.25.2024
Cattle slaughter six-week average projection down for holiday season
Trading was generally quiet in the US animal protein market on Monday November 25, though price ranges adjusted slightly in typical pre-holiday fashion.
Price pressure on ruminant meat...