The estimated crush margin moved lower again this week, making it the 8th consecutive week of lower processing margins and has dropped in 11 of the past 12 weeks. The cost of soybeans moved higher by 13 cents per bushel over the past week while the value received from oil and meal sales, per bushel of soybeans crushed, increased only 7 cents per bushel. The end result had the margin falling by 6 cents per…
05.06.2024
Strong biodiesel production seen weighing on crude glycerin prices
The whispers of declining biodiesel production are meeting with resistance. Some observers have been sounding the alarm regarding declining production for over a year now, but if true, biodiesel...
05.06.2024
Average weekly hog slaughter to decrease into mid-June: Fastmarkets’ research team
Distillers’ corn oil (DCO) prices fell to 42-43.5 cents per lb delivered US Gulf on Monday May 6 for May-June shipments. There was additional trading reported on the same...
05.06.2024
Year-to-date commercial cattle production falls 2.30% y-o-y
US animal proteins prices were steady on Monday May 6. Limited trade was reported, with several market participants only testing prices, Fastmarkets heard.
US hog slaughter
Fastmarkets research...