Outside of slightly lower soybean prices, there was not much to benefit the crush margin over the past week. The oil yield per bushel of soybeans crushed fell from 11.62 pounds to 11.59. The meal yield also dropped, falling from 47.29 pounds to 47.03. Making matters worse, the value received from meal and oil sales declined, and when combined with the smaller yields, caused the margin to narrow. The value received…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...