Est. Crush Margin Moves Lower for Second Consecutive Week

Author: The Jacobsen

Est. Crush Margin Moves Lower for Second Consecutive Week

The Jacobsen | 05.22.2023

Market Update

CME grain pricing levels started out higher for most grains. Soybeans rose on the backs on soymeal and soyoil bouncing back from the previous week’s drops. Soymeal and soyoil rebounded on bargain buying amid worries over dryness El Nino could bring major producers Indonesia and Malaysia. Corn was higher by $0.1650 to $5.71/st with renewed demand expectations on the weekly inspected export report for the week. Soybeans were up by $0.3400 to $13.41/st while soymeal was firmer by $3.10 to $412.20/st and wheat...

Read More
June Slaughter Levels Push Under 2022 With Contraction Phase

June Slaughter Levels Push Under 2022 With Contraction Phase

Minimal trade was reported for the start of the week with most participants testing values or monitoring CME prices,...

READ MORE

SBO Prices End Volatile Week Down 4.5 Percent

SBO Prices End Volatile Week Down 4.5 Percent

Following a volatile week, world vegetable oil prices ended mixed on Friday. Bargain buying before the weekend drove gains in...

READ MORE

EPA Sends Final RVO Rule to White House

EPA Sends Final RVO Rule to White House

*Please Note – Bob Lane was out of the office today and will return on Monday, May 22, 2023....

READ MORE

Bloodmeal Averages Up Sharply

Bloodmeal Averages Up Sharply

**Please Note** At the request of our subscribers and several market participants we will close trade on Fridays at...

READ MORE

Highly Unsettled Tones Lead to Volatile Co-Production Grains

Highly Unsettled Tones Lead to Volatile Co-Production Grains

Weekly Market Update

Grain and feed items for the week were highly unsettled and mixed with most values swinging higher...

READ MORE

Automotive Industry Faces Slowdown

Automotive Industry Faces Slowdown

The US hide market remained relatively steady for the week with a couple of active trades. Both light and...

READ MORE

Animal Proteins – International

Animal Proteins – International

International animal proteins were mixed for the week. Feathermeal and bloodmeal levels were within previously set ranges on steady...

READ MORE

Basis Levels on SBO Continue to Creep Higher

Basis Levels on SBO Continue to Creep Higher

Solid buying interest from the food and fuel industries continued to support basis levels on crude-degummed and refined, bleached,...

READ MORE

Articles by Topic

Blog

05.06.2024

Strong biodiesel production seen weighing on crude glycerin prices

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...

READ MORE

05.06.2024

Average weekly hog slaughter to decrease into mid-June: Fastmarkets’ research team

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...

READ MORE

05.06.2024

Year-to-date commercial cattle production falls 2.30% y-o-y

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...

READ MORE

Latest Tweets

Twitter feed is not available at the moment.