U.S. soybean crushing volumes reached 201 million bushels in October, the USDA reported on December 1 in its Monthly Fats & Oils report. This was up 26 million bushels, or 14 percent, from September’s record monthly crush level of 175 million bushels.
Crude soybean oil produced in October was 2.38 billion pounds, up 14 percent from September and two percent on the year. Refined soybean oil production totaled 1.89 billion pounds in October, increasing nine percent from the month before and five percent from October 2022.
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11.11.2024
Falling biodiesel margins lead to expectations for higher RINs, lower feedstock cost
Biodiesel margins continued to fall during the week ending Friday November 8, with rising feedstock cost pushing the soybean oil/heating oil (BOHO) spread to its highest level in more...
11.11.2024
DCO starts the week higher; hog slaughter increases slightly
Distillers’ corn oil (DCO) traded higher out of the FOB Midwest markets on Monday November 11 in what was otherwise a quiet market to start the week.
A...
11.11.2024
US cattle slaughter continues to fall behind 2023 levels
Trading was quiet in the US animal protein market on Monday November 11, with no price changes reported.
Cattle slaughter
Fastmarkets’ research team forecasts cattle slaughter at 625,000...