Ethanol production increased 17,000 barrels per day to a 931 million-barrel-per-day average during the week ending July 10, 2020. Ethanol and DDGS output are at their highest level in 16 weeks and 73 percent above their pandemic low. Production is 1.9 percent higher than the week prior but 13 percent below levels at this time last year. DDGS output increased 1,617 metric tons per day over last week’s average but is 12,840 MT below production from a year ago.
Gasoline supply declined 1.4 percent from and is six percent below 2019 levels for the same weekly period. Ethanol stocks declined after rising for the first time in 11 weeks, slipping to 20.61 million barrels. There were no ethanol imports during the past week. The increase in ethanol production raised corn demand by 252 thousand bushels per day. DDGS output moved with ethanol production, rising 1.9 percent for…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...