DCO Prices Ride Soybean Oil Wave Higher

DCO Prices Ride Soybean Oil Wave Higher

Trading in the grease and tallow markets was mostly quiet today. Holiday increases worked their way into yesterday’s pricing and the rally tied to the shortened production week seems to have run its course on the rendered products. Yellow grease traded lower into the Carolinas and KS/TX market today. Distillers corn oil (DCO) prices moved higher today. Strong soybean oil values and continued, strong demand from the biodiesel and feed sector are driving the market. The feed buyers have been the larger of the two demand variables at the moment, with all veg feeders limited on replacement feed oil. DCO production remains well below prior year levels. Last week’s estimated production of 8.75 million pounds is down 11 percent from the year…

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