Corn Gluten Meal Prices Move Higher
Corn gluten meal prices pushed higher this week. The COVID pandemic has changed eating habits for many consumers. Prior to the pandemic, US consumers ate 51 percent of their meals outside the home. Since the pandemic the number had dwindled as low as five percent for a low. More specifically, shoppers began gravitating to more grain and oilseed related products, which has led to an increase in corn gluten demand.
Another factor supporting prices is reduced gasoline demand. With consumers driving less the demand for gasoline has fallen sharply, which has led to an equal reduction in the demand for ethanol, which is roughly 10 percent of the gasoline blend. One of the by-products from ethanol production is corn gluten…
11.13.2024
Neste, Air Canada sign SAF agreement for Vancouver
Finnish transport fuel producer Neste and Air Canada have signed an agreement for the delivery of approximately 20 million gallons of sustainable aviation fuel (SAF) for use by the...
11.13.2024
CWG prices up slightly; DCO movements mixed
The US animal fats and oils markets remained mostly stable to slightly higher on Wednesday November 13, with a modest increase in trading, though many participants continued to exercise...
11.13.2024
2024/25 grain consuming animal unit headcounts increase by 0.39%
Meat and bonemeal, porcine and ruminant, Missouri River were lower on Wednesday November 13. Market sources told Fastmarkets that there are varied poultry and layer feed demand levels, with...