The estimated crush margin improved for a fourth straight week in Central Il, raising five percent and reaching a 66-week high. The value received from oil and meal sales per bushel of soybeans crushed increased from $11.99 per bushel to $12.33 while soybean prices moved 25 cents higher, closing at $10.45 per bushel. This allowed the margin to expand nine cents to $1.88 per bushel.
Soybean, meal and soybean oil prices remain well supported relative to last year. Soybean prices are 16 percent over last year’s value, soybean oil is 14 percent stronger, and meal prices are up 14 percent. The crush margin is five percent above where it stood on October 10, 2019 .
The US Department of Agriculture’s (USDA) August crush data was in line with expectations from the data previously released by the National Oilseed Processors Association…
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...
05.06.2024
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...
05.06.2024
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...