A lack of spot supply limited activity and the market, on a whole, was fairly quiet. Much of the focus continues to center on production downtimes on the meat side an indirect increase in rendering output via euthanized hogs and poultry. There may be some limitations, however, on renderable livestock depending on growth stage at euthanization.
Distillers corn oil prices fell yesterday and continue to be at risk for decreases in the near term basis lower soybean oil prices. Last week’s production was estimated at 5.1 million pounds per day, a decrease of 48 percent from year ago levels. Ethanol production hit another record low last week at an average of 537 million barrels per…
11.15.2024
October soybean crush reaches all-time monthly high; biofuel demand limits rise in soybean oil stocks
The National Oilseed Processors Association (NOPA) reported the October soybean crush at a record monthly high of 199.9592 million bushels, eclipsing the previous record of 196.406 million bushels set...
11.15.2024
UCO 2025 market clouded by China’s cancellation of export rebate
China will cancel its current 13% export tax rebate for used cooking oil (UCO), a key biofuel feedstock, effective December 1, the country’s Ministry of Finance and the State...
11.15.2024
US animal protein prices steady to firmer week on week; SBM under pressure
The US animal proteins market was steady to higher in the week to Friday November 15. Even with decreases in Chicago Board of Trade (CBOT) soybean meal futures, prices...