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…
04.30.2024
Biofuel feedstock demand rises while capacity declines: EIA
EIA Biofuels Capacity and Feedstock Update
The Energy Information Administration’s (EIA) Monthly Biofuels Capacity and Feedstocks Update, released on Tuesday April 30, showed that operable US biofuel capacity declined...
04.30.2024
Chicago edible tallow trades lower
The edible tallow price fell to 52 cents per lb Chicago basis on the afternoon of Tuesday April 30. Tallow trading was quiet outside of the edible tallow market.
04.30.2024
April animal protein values mixed month on month
US animal proteins prices were mostly steady on Tuesday April 30. Limited trade was again reported, with multiple market participants attending the Petfood Forum in Kansas City, Missouri, held...