DCO Prices Surge on Tight Supplies, Big Renewable Demand

DCO Prices Surge on Tight Supplies, Big Renewable Demand

Distiller’s corn oil prices traded sharply higher today for the spot and forward months. The higher prices are driven by a combination of higher soybean oil prices and tight nearby supplies mixing with strong renewable fuel demand. Prices are up by as much as 24 percent over the last four weeks.

Chicago packer BFT traded higher today as well and prices are up 27 percent over the last four weeks. Buyers in the chemical sector have historically reduced their inventories in December and buyers coming into the market in January are seeing strong end user demand for their products and tight spot supplies in the tallow market. Meat packers are facing labor limitations due to COVID related absenteeism and tallow production is off as a result.

BFT is on pace to finish January 20 percent over the…

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

03.27.2024

Illinois Legislation Aims to Create a Clean Transportation Standard

Illinois Legislation Aims to Create a Clean Transportation Standard

Illinois is looking to become the fifth sate to create a clean fuel transportation standard. The Illinois version, if passed, may not be as robust as the ones...

03.27.2024

Sellers see steady to higher prices on interior market trades

Sellers see steady to higher prices on interior market trades

Distiller’s corn oil (DCO) traded higher into the Manly, IA market today, topping out at a high of 47.75 cents lb. Trading into the Gulf and on an FOB...

03.27.2024

Aprill broiler slaughter forecasted below 2023

Aprill broiler slaughter forecasted below 2023

The proximity of the extended Easter holiday weekend kept some participants off the market at mid-week, leaving values generally steady.

Poultry by-product pet grade was reported lower in...

Latest Tweets