Please Note – The Jacobsen will not publish an Animal Fats bulletin on Friday, January 1st. We will close trading at noon CT on Thursday, December 31st, and publish shortly after.
As expected, ethanol production fell last week with the holiday-shortened week. The EIA reported ethanol production at an average of 934,000 barrels per day, and The Jacobsen estimates distillers corn oil production at an average of 8.87 million pounds per day. Production is down 13.8 percent compared to the year prior levels and down 12.9 percent compared to the prior three-year average. The market was mostly quiet today with only a handful of yellow grease trucks reported at steady prices out of the Illinois market.
There are continued indications of significant demand and limited supply to start the new year. Used cooking oil, which is very tight has buyers bidding higher numbers to try and ensure material through…
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...