05.15.2024
Soybean oil stocks fall with slowing April crush
The soybean crush totaled 166.034 million bushels, down by 15% from a record of 196.406 million bushels in March and down by 4% from 173.232 million bushels crushed in...
Both porcine and ruminant MBM prices moved higher today with livestock and pet food buyers both showing strong demand for the nearby position. A run on pet food over the last couple of weeks, driven by some stockpiling tied to travel restrictions, is driving strong demand in the nearby window. Additionally, buyers in the livestock feed sector are building a pipeline in an effort to mitigate any potential supply disruptions that may…