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...
Most values on the international front were rangebound due to continued holidays limiting trade. There have been several markets pushing lower due to the diminished export trade in the market. China and Indonesian meat and bonemeal were both lower on accounts of diminished interest. China pushed lower to a new range of $535-535/mt, while Indonesia was in a range of $530-540/mt.
The MLA reported cattle slaughter at 125,184 for last week, up from the week prior by 2.1 percent and 17.0 percent higher than 2023 levels. Year-to-date slaughter for Australia is at 715,484 head, 11.8 percent, or 75,480 head, higher than 2023 levels for the respective time.
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