05.16.2024
Animal fat prices steady on limited volume traded
Fastmarkets price assessment for edible tallow, fob Chicago was $52.00 cents per lb on 14 railcars, steady from $52.00 cent per lb on Wednesday May 15.
On Thursday,...
Soybean Crush Central Illinois – Margin down 50% from last year
The estimated crush margin declined this week as oil products, including soybean oil, took a hit in yesterday’s market move lower. The value received from oil and meal sales per bushel of soybeans crushed moved from $9.96 to $9.88 per bushel while the price for soybeans declined only two cents to $8.74 per bushel. Soybean meal prices held steady, edging 10 cents per ton lower to $291.20 but soybean oil prices fell 2.5 percent to 26.15 cents per pound in Central Illinois. This allowed the margin to narrow six cents to $1.14 per bushel. The crush margin is 50 percent below levels seen at this time last year.
The US Department of Agriculture’s (USDA) April crush data was in line with expectations from the data previously released by the National Oilseed Processors Association (NOPA) in mid-April. Per the USDA, 183.4 million bushels of beans…