A lack of availability of spot material continues contribute to a quiet, overall market. Reports of demand destruction continue due to cheaper corn prices and low energy feed rations. With that stated, hog slaughter was up today at an estimated 312,000 head, 46,000 head above last week’s levels.

The EIA reported an increase in ethanol production for last week, the first increase since the week ending Feb 28. Gasoline demand increased as well at 279.9 million gallons, up from 246 the week prior. Distillers corn oil production is estimated at 5.7 million pounds per day, last week. While 5.7 million pounds is 48 percent lower than year ago levels, an increase in production could start to inject enough liquidity in…