Chicago choice white grease prices are up on six cars that traded higher through the Chicago market today. Truck trading out of the Missouri River market was steady but trading below and well above the printed range remains in limited volume.
Distillers corn oil prices have been sideways this week. Demand remains strong from the renewable and feed sectors. Demand from the southeastern poultry belt remains very strong from the all veg feeders ahead of the Thanksgiving holiday and beyond. Ethanol production was reported at 961,000 barrels per day for last week, the highest number since the week ending March 27th. DCO production is estimated at just over 9.1 million pounds per day, up from the prior eight week average of 8.74 million pounds. The November and December markets seem to be well sold, but any extra spot that shows up in the markets has traded at steady values.
11.15.2024
October soybean crush reaches all-time monthly high; biofuel demand limits rise in soybean oil stocks
The National Oilseed Processors Association (NOPA) reported the October soybean crush at a record monthly high of 199.9592 million bushels, eclipsing the previous record of 196.406 million bushels set...
11.15.2024
UCO 2025 market clouded by China’s cancellation of export rebate
China will cancel its current 13% export tax rebate for used cooking oil (UCO), a key biofuel feedstock, effective December 1, the country’s Ministry of Finance and the State...
11.15.2024
US animal protein prices steady to firmer week on week; SBM under pressure
The US animal proteins market was steady to higher in the week to Friday November 15. Even with decreases in Chicago Board of Trade (CBOT) soybean meal futures, prices...