# Central Illinois soymeal prices continue decline after hitting multi-year lows - The Jacobsen

> Central Illinois soybean meal fell to $308.40/short ton in the week to November 22, a four-year low, while soybean oil dropped 5% to 42.85 cents/lb. The soybean crush margin fell 85 cents to $2.30/bu from its six-week average.

- Date: 2024-11-25 · published 2024-11-25T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/11134-central-illinois-soymeal-prices-continue-decline-after-hitting-multi-year-lows
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Lower meal and oil prices with a weaker crush margin signal ample meal supply and reduced crushing incentive. Soybean meal is cheaper for feed formulators, pressuring protein feed costs downward.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBO | 2024-11-25 | 5 | -7.0% | -3.1 | USDA data show soybean oil down 5% to 42.85 c/lb in the week to Nov 22 alongside weak crush margins, which confirms the price drop in the window. |
| SBO | 2024-11-25 | 1 | -3.6% | -3.3 | Weekly data show soyoil down 5% to 42.85 c/lb alongside a shrinking crush margin, confirming broad weakness in the product complex around the move. |

## Sources

- thejacobsen.com: https://thejacobsen.com/2024/11/25/central-illinois-soymeal-prices-continue-decline-after-hitting-multi-year-lows/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.