The estimated crush margins, already at multi-year highs, pushed higher over the past week. Strong demand for soybean meal and soybean oil outpaced rising soybean costs, allowing the margin to continue its drive higher. In Central IL, soybean costs increased 1.7 percent, soybean meal values pressed 3.2 percent higher, and soybean oil prices increased 0.9 percent during the week ending June 3, 2021. Soybean oil prices rival highs last seen in March of 2008. The value received from oil and meal sales per bushel of soybeans crushed increased from $18.30 per bushel to $18.68, while soybean prices climbed from $15.39 to $15.65 cents per bushel. This allowed the margin to expand 12 cents to $3.03 per bushel. The crush margin is 3.8 percent over last week’s value and 152 percent above last year.
Soybean, soybean meal, and soybean oil prices remain…
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...