Ethanol production was estimated higher last week at 663,00 bbl/day. Distillers corn oil production is estimated higher as well, up to 6.3 million pounds per day. Production is at its highest level since the week ending April 3rd. DCO production is up 7.5 percent from week ago levels, but down 38 percent compared to last year. The increased production and lower priced soybean oil in April and early May have weighed on prices.
While ethanol and co product production is higher, gasoline demand fell last week. The EIA estimated 285.2 million…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...