US soybean crush falls below monthly, yearly levels
Soybeans crushed for crude oil totaled 168 million bushels in August, down by 13.3% from July and down by 0.85% from August 2023, according to the USDA’s Fats and Oils: Oilseed Crushing, Production, Consumption and Stocks report released on Tuesday October 1.
Crude oil production totaled 1.99 billion lb, down by 14% month on month and down by 1% year on year.
Soybean oil production reached 1.68 billion lb during August, down by 9% from July and down by 2% from August 2023.
Soybean meal production stood at 3.7 million short tons, down by 13.2% month on month and down by 1.6% year on year.
Production of soymeal intended for animal feed totaled 3.6 million short tons, while production for edible protein products reached 57,712 tons.
…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...