The estimated crush margin declined four percent as the cost of soybeans increased at a more rapid pace than revenue streams. The value received from oil and meal sales per bushel of soybeans crushed increased from $10.54 to $10.58 per bushel while the price of soybeans pushed 10 cents higher to $9.12 per bushel. The margin narrowed six cents to $1.46 per bushel. Soybean prices are 6.7 percent higher than they were a year ago, oil values are up 10.7 percent, but meal prices are down one percent from last year. The crush margin is 16 percent below levels seen August 22, 2019.
The US Department of Agriculture’s (USDA) June crush data was in line with expectations from the data previously released by the National Oilseed Processors Association (NOPA) in mid-July. Per the USDA, 177.3…
05.06.2024
Strong biodiesel production seen weighing on crude glycerin prices
The whispers of declining biodiesel production are meeting with resistance. Some observers have been sounding the alarm regarding declining production for over a year now, but if true, biodiesel...
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Average weekly hog slaughter to decrease into mid-June: Fastmarkets’ research team
Distillers’ corn oil (DCO) prices fell to 42-43.5 cents per lb delivered US Gulf on Monday May 6 for May-June shipments. There was additional trading reported on the same...
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Year-to-date commercial cattle production falls 2.30% y-o-y
US animal proteins prices were steady on Monday May 6. Limited trade was reported, with several market participants only testing prices, Fastmarkets heard.
US hog slaughter
Fastmarkets research...