The crush margin moved higher, jumping 9% to $2.25 on stronger meal values and a lower cost for soybeans. The value received from oil and meal sales, per bushel of soybeans crushed, increased by 14 cents per bushel, while the price of soybeans fell 5 cents per bushel. This allowed the estimated margin to increase by 19 cents per bushel, or 8.89%.
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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...