The estimated crush margin dropped over nine percent this week as revenue streams failed to move higher to offset an increase in soybean cost. The value received from oil and meal sales per bushel of soybeans crushed held steady at $11.22 per bushel while the price of soybeans moved 14 cents higher to $9.84 per bushel. The margin fell 9.3 percent steady at $1.38 per bushel, a seven-week low.
Soybean prices are 13.5 percent above values from a year ago, soybean oil values 17 percent higher, and meal prices are 3.5 above year ago value. The crush margin is 20 percent below levels seen on September 12, 2019.
The US Department of Agriculture’s (USDA) July crush data was in line with expectations from the data previously released by the National Oilseed Processors Association (NOPA). Per the USDA, 184.5 million bushels of beans…
04.30.2024
Biofuel feedstock demand rises while capacity declines: EIA
EIA Biofuels Capacity and Feedstock Update
The Energy Information Administration’s (EIA) Monthly Biofuels Capacity and Feedstocks Update, released on Tuesday April 30, showed that operable US biofuel capacity declined...
04.30.2024
Chicago edible tallow trades lower
The edible tallow price fell to 52 cents per lb Chicago basis on the afternoon of Tuesday April 30. Tallow trading was quiet outside of the edible tallow market.
04.30.2024
April animal protein values mixed month on month
US animal proteins prices were mostly steady on Tuesday April 30. Limited trade was again reported, with multiple market participants attending the Petfood Forum in Kansas City, Missouri, held...