US soybean crush below monthly levels
Soybeans crushed for crude oil totaled 210 million bushels in November, down by 2.66% from October, but up by 4.97% from November 2023, according to the USDA’s Fats and Oils: Oilseed Crushing, Production, Consumption and Stocks report released on Thursday January 2.
Crude oil production totaled 2.49 billion lb, down by 3% month on month, but up by 7% year on year.
Soybean oil production reached 1.78 billion lb during November, down by 10% from October, but up by 5% from November 2023.
Soybean meal production stood at 4.66 million short tons, down by 2.3% month on month, but up by 6% year on year.
Production of soymeal intended for animal feed totaled 4.588 million tons, while production for edible protein products reached 74,598 tons.
Soymeal stocks totaled 463,019 tons in November, up by 52.6% from October and by 78.1% from November 2023.
…
01.17.2025
US renewable fuel production hits all-time high; biomass-based diesel output surges to capture end of BTC
The $1-per-gallon Blenders Tax Credit (BTC) ended on December 31, 2024. Monthly US renewable fuel production hit an all-time high of 1.96 billion gallons of fuel, generating 2.31 billion...
01.17.2025
Packer BFT ticks upward; most animal fats and oil markets close the week higher
Three cars of packer-grade bleachable fancy tallow (BFT) traded higher on Friday January 17, at 47 cents per lb, Chicago basis.
Outside of this trade, the US animal...
01.17.2025
Limited trade keeps US animal protein prices flat week on week
US animal proteins prices were generally flat for the week to Friday January 17, though prior price moves from last week for meat and bonemeal, bloodmeal and poultry by-product...