USDA March crush data was in line with expectations and with the data previously released by the National Oilseed Processors Association (NOPA). Per the USDA, 188.2 million bushels of beans were crushed during March, resulting in 2.22 billion pounds of oil and 4.18 million tons of meal. The March soybean crush was 14.5 percent over the February crush but two percent under the March 2020 crush. Crude oil production increased 15.2 percent and soybean meal output was of 14.4 percent over February output.
Soybean meal and soybean oil stocks fell to a three-month low. March meal stocks of 415,418 tons are 23.7 percent below February and fractionally under March 2020 stock levels. Crude soybean oil stocks of 1.86 billion pounds are 3.6 percent below February but 12.7 percent over levels at this time last year. Total soybean oil stocks, crude and once refined, are 2.5 billion pounds, 60,710 under…
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...