Ethanol and DDGS Supply Hit 3-Week Low, May Underpin DDGS Pricing in Near Term
Ethanol production declined for the first time in three weeks reaching a three week low. DDGS output fell as ethanol production dropped 34,000 barrels per day to a 941 thousand-barrel-per-day average during the week ending April 9, 2021. Weekly ethanol output was 3.5 percent below the prior week but 65 percent over levels seen at this time last year when the pandemic significantly reduced driving demand for gasoline. DDGS output was 3,234 MT per day below last week but 35,285 MT’s per day over production from a year ago.
Gasoline supply increased 1.9 percent and was 76 percent over 2020 levels for the same period. Ethanol stocks declined fractionally to 20.5 million barrels and were 25 percent lower than a year ago. Imports of sugarcane…
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...