Six cars of edible tallow traded at $0.3300 Chicago today.
The EIA’s ethanol production number was up to 1.028 mil bbl/day for last week. This is a 3.2% increase from the week prior. DCO production is estimated at 9.1 million pounds per day. Prices seem to have found a comfortable trading range with steady action reported this week. Interest was reported for May at 25.5 – 26 IN/OH. Sellers are seeing a premium for rail business with strong demand still seen…
04.15.2024
Soybean oil stocks climb as soybean crush reaches record high
The National Oilseed Processors Association (NOPA) reported the March soybean crush at an all-time high of 196.406 million bushels. This was largest crush on record, outpacing by 0.55%,...
04.15.2024
Soybean oil market adds negative pressure to DCO market
Distiller’s corn oil (DCO) traded in a range of 45.5 - 46 cents lb delivered US Gulf today on what was otherwise a quiet trading day.
The lower...
04.15.2024
Hog slaughter forecast lower into May
Market sources reported no trades outside the previously set ranges for animal proteins in the US for Monday April 15.
For the week ending April 20, 2024, hog...