South Dakota Soybean Processors, LLC Declares Cash Distribution, Payable on February 1, 2024
February 02, 2024 at 08:40 am EST
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On January 30, 2024, the Board of Managers of South Dakota Soybean Processors, LLC approved and declared a cash distribution of $1.30 per outstanding capital unit, or approximately $39.5 million. The distribution is expected to be paid and issued to members on February 1, 2024.
South Dakota Soybean Processors, LLC is an owner and operator of two soybean processing plant and a soybean oil refinery in the state of South Dakota. The Company also owns and operates a small oilseed processing plant near Miller, South Dakota. The Companyâs core business consists of processing locally grown soybeans into soybean meal and soybean oil. It sells the soybean meal primarily to resellers, feed mills, and livestock producers as livestock feed. It markets and sells multiple grades of soybean oil in either crude or refined format. Crude and refined soybean oil are marketed and sold to the food, biodiesel and chemical industries. It also markets and sells contracting services for the construction and management of oilseed processing plants. Its soybean meal is primarily sold to resellers, feed mills, and livestock producers as livestock feed. The meal is primarily sold to customers in the local area (within 200 miles of its Volga plant), Western United States, and Canada.
SOUTH DAKOTA SOYBEAN PROCESSORS, LLC 
