Trading was mostly steady today with few changes reported in the market. Distillers corn oil prices did move higher with improved demand from the bio sector and a wide spread to soybean oil helping to push the market up. Ethanol production jumped to 958,000 barrels per day last week, up 5.5 percent compared to the week prior and down 7 percent compared to the prior three-week average. Distillers corn oil production is estimated at an average of 9.09 million pounds per day. For July and August, the average price spread between Missouri River DCO and nearby SBO over the last three years is 5.27 and 5.17 cents, respectively. At an average of 22.75, DCO…
12.24.2024
Animal fats, oils markets quiet amid Christmas holiday
The US animal fats and oils markets remained steady on Tuesday December 24, amid limited trading due to the Christmas holidays.
Market sources expected activity to remain subdued...
12.24.2024
US November broiler, turkey slaughter down year on year
US animal protein prices were steady on Tuesday December 24, with limited volumes reported to have been traded. With the proximity of the end-of-year holidays, most market participants are...
12.24.2024
US weekly soybean, wheat export inspections rise, corn falls
Weekly export inspections
Export inspections of US grains showed a decline for corn but an increase for soybean and wheat in the week to December 19, according to data...