The estimated crush margin remained relatively unchanged on a weekly basis in Central IL, edging slightly higher as commodity prices continue to climb. The value received from oil and meal sales per bushel of soybeans crushed increased from $13.44 per bushel to $13.84, barely outpacing the 3.4 percent climb in soybean prices that lifted values 39 cents to $11.84 per bushel. This allowed the margin to expand a penny to $2.00 per bushel, which is 30 percent over the margin at this time last year.
Soybean, soybean meal and soybean oil prices continue to remain well supported relative to last year. Strong cash market gains and export demand have pushed soybean prices to levels not seen since May of 2016. Soybean prices are 31 percent over last year’s value, soybean oil is 33 percent stronger, and meal prices are up 29 percent relative to last…
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...