Please note – we will not publish an Animal Fats Bulletin on Thursday Nov 26th or Friday Nov 27th in observance of the Thanksgiving holiday
Three cars of lard traded steady into/through the Chicago market today at 41 cents per pound. Distillers corn oil (DCO) prices were higher again today across all geographies. Soybean oil values are up over 38 cents per pound as of midday and higher values through November have bolstered the DCO market. There has been trading above and below the printed range late yesterday and today, but the bulk of activity has been around the 35 cents per pound average. Ethanol production was estimated higher by the EIA for last week at 990,000 barrels per day, the highest since the week ending March 20th. DCO production is estimated just shy of 9.4 million pounds per day for last week, down…
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...