Distiller’s corn oil (DCO) traded sharply lower today, down as much as 4.75 cents from the last reported level for the FOB Nebraska/Kansas market. Volatility in the soybean oil market and the announcement by ADM that their Columbus, NE and Cedar Rapids, IA ethanol facilities would restart production have contributed to the downturn. The two plants at full capacity would add approximately an extra 2.7 million pounds or 60 trucks of DCO to the market per week. Favorable economics and the expectation of strong demand moving into the summer are expected to drive production levels closer to 2018 – 2019 levels, but spring maintenance should keep DCO supplies from dramatic increases in the near term. The EIA reported last week’s ethanol…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...