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...
Market Activity
There was a fair amount of trading done in the protein market today with ruminant MBM moving between $175 – 200 FOB Mo. River and $170 – 210 FOB Panhandle. Trading was reported steady out of the Mo. River market for porcine material. Most of the buyers seem to have their first week of Jan needs met and at this point buyers are filling in holes.
Weekly Review
Heavy supplies in the porcine market continue to weigh on prices with another drop seen…