This table displays a comparison of soybean prices with the value of soybean oil and soybean meal for products delivered to central Illinois points during the week ended Aug. 23.
These weekly prices are supplied by the U.S. Department of Agriculture, expressed in dollars a bushel. Quantities are expressed in pounds a bushel.
Soybean prices compared with value of oil and meal
This week Last week Last year
Unit Aug 22, 2013 Aug 15, 2013 Aug 23, 2012 Soybean oil, crude tank cars & trucks Central IL. ?/lb 41.76 42.62 54.87
Oil yield per bushel crushed lb 11.66 11.66 11.53
Value from bushel of soybeans $ 4.87 4.97 6.33
48% Soybean Meal unrestricted, bulk Central IL. $/ton 450.36 450.80 566.30
Meal yield per bushel crushed lbs 47.47 47.47 48.08
Value from bushel of soybeans $ 10.69 10.70 13.61
Value of oil and meal from bushel of soybeans $ 15.56 15.67 19.94
No. 1 Yellow Soybeans truck price Central IL. points $/bu 14.37 14.36 17.80
Difference between soybean price & value of oil & meal $ 1.19 1.31 2.14
Estimated Processing Value (EPV) $/bu 15.31 15.41 20.01
This table is presented for statistical comparison and is not intended to indicate operating margins.
Soybean meal is the most common and usually the most economical vegetable protein supplement, and contains 48% protein. It is produced using a solvent, or chemical process that separates the oil from the soybean. Domestic animal feed accounts for about 75% of meal consumption and the rest is exported.
Soybean oil is used in products including cooking oil, solvents for grease removal and metal cleaning, and hydrolic oil. It is also used in soy diesel products as a replacement for petroleum-based diesel fuel.
Yellow soybeans have yellow or green seed coats which in cross section are yellow or have a yellow tinge. According to the Federal Grain Inspection Service, No.1 yellow soybeans must test weigh at least 56 pounds a bushel, have less than 2 percent damaged kernels, and contain less than 1 percent of soybeans of other colors.
Figures used in the table are based on crushings and production of soybeans for and are verified by the Bureau of the Census. Data is presented for statistical comparison and is not intended to indicate operating margins.