Strategies to diversify revenue, improve capacity utilization rates, reduce costs and expand operating margins are coming to fruition.

First quarter 2024 financial results benefited from improved crush margins and efforts to increase essential ingredient returns and operating efficiencies.

Cold spike at the Pekin campus increased transportation related expenses, reduced production rates and caused a shift to lower margin feed products.

Unseasonably moderate weather conditions and ensuing low natural gas prices resulted in an incremental loss of $4.9 million from energy hedging activities.