The estimated crush margin moved higher for the first time in the past nine weeks, gaining 1.15% last week. The margin has fallen 31% since February 15th. The value received from soybean oil and soybean meal sales, per bushel of soybeans crushed, increased by 16 cents over the past week, as the prices of both soybean oil and soybean meal advanced. Soybean meal moved $4.20 cents per ton higher and soybean oil…
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...