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…
12.24.2024
Animal fats, oils markets quiet amid Christmas holiday
The US animal fats and oils markets remained steady on Tuesday December 24, amid limited trading due to the Christmas holidays.
Market sources expected activity to remain subdued...
12.24.2024
US November broiler, turkey slaughter down year on year
US animal protein prices were steady on Tuesday December 24, with limited volumes reported to have been traded. With the proximity of the end-of-year holidays, most market participants are...
12.24.2024
US weekly soybean, wheat export inspections rise, corn falls
Weekly export inspections
Export inspections of US grains showed a decline for corn but an increase for soybean and wheat in the week to December 19, according to data...