Distillers corn oil (DCO) prices were higher for spot sales out of the IL/WI, Mo. River and NE/KS markets today. Demand remains strong through the remainder of the year and prices have been helped by the continued surge in soybean oil prices. Spot prices continue to track over 90 percent of the price of nearby soybean oil on tighter production. Ethanol production was estimated lower by the EIA at 962,000 barrels per day last week. DCO production is estimated at 9.13 million pounds per day, down 1.5 percent from last week and 8.4 percent from the prior three-year average. It’s reasonable to expect prices to remain supported at these levels if soybean oil prices continue along at current levels. With COVID shutdowns there is risk in the market for supplies to continue to…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...