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Soybean meal prices in Central Illinois fell to a four-year low of $296.45 per short ton in the week to February 14, down 4.5% week on week and 20% year on year. Soybean and soybean oil prices moved in different directions, with the crush margin at $1.91 per bushel, below the six-week average.
Weak meal prices with a shrinking crush margin signal ample meal supply and softer demand for feed buyers, pointing to lower meal costs for livestock rations.
thejacobsen.comAlexandra WattsFeb 18, 2025Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
