The estimated crush margin remained relatively unchanged on a weekly basis in Central IL, edging slightly higher as commodity prices continue to climb. The value received from oil and meal sales per bushel of soybeans crushed increased from $13.44 per bushel to $13.84, barely outpacing the 3.4 percent climb in soybean prices that lifted values 39 cents to $11.84 per bushel. This allowed the margin to expand a penny to $2.00 per bushel, which is 30 percent over the margin at this time last year.
Soybean, soybean meal and soybean oil prices continue to remain well supported relative to last year. Strong cash market gains and export demand have pushed soybean prices to levels not seen since May of 2016. Soybean prices are 31 percent over last year’s value, soybean oil is 33 percent stronger, and meal prices are up 29 percent relative to last…
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...