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…
04.29.2024
Strong domestic biodiesel margins support rising crude glycerin inventory
Crude glycerin prices are holding steady to slightly lower in the week to Monday April 29, with improved biodiesel margins helping to keep the supply of glycerin strong.
04.29.2024
Gulf tallow prices higher; optimism builds for higher demand for June
Tallow traded higher into the US Gulf market on Monday April 29, up to 41 cents per lb delivered. Outside of the Gulf market, trading was quiet with sources...
04.29.2024
Animal protein prices steady at start of the week
US animal proteins were steady on Monday April 29. Limited trade was reported, with multiple market participants are expected to attend the Petfood Forum in Kansas City, Missouri, this...