05.15.2024
Soybean oil stocks fall with slowing April crush
The soybean crush totaled 166.034 million bushels, down by 15% from a record of 196.406 million bushels in March and down by 4% from 173.232 million bushels crushed in...
**Please Note — The Jacobsen will be closed Monday, Jan 1 for the New Year.**
Limited trade was reported for the final day of the pre-New Year extended holiday weekend. Participants have indicated focusing on logistics in the near-term and wider ranges on animal proteins out front.
Meat and Bonemeal Year in Review
*Quarterly values for the below analysis were based on the expectation that values will be flat until end of year.*
Meat and bonemeal (MBM), both porcine and ruminant, were generally flat at the start of 2023, with both only showing a $100/st price range, or less, for the first three quarters. This was due to standard demand paired with steady to lower slaughter levels on both proteins.
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