Tallow traded higher into the US Gulf market today at 41 and 44 cents lb delivered. Trading into and through the Chicago market was quiet.
Distiller’s corn oil (DCO) was steady on an FOB basis, but trading was lower into the Manly, IA market for the June position.
The EIA estimated ethanol production for the week ending April 5 at an average of 1.056 million barrels per day in its Weekly Petroleum Status Report published on Wednesday April 10. Output was down from the week prior, reversing a trend of higher week-on-week production.
Ethanol production has historically slowed in April as ethanol plants idle for seasonal maintenance ahead of the strong summer demand period. The production average for April for 2021 – 2023 was 964,917 b/d, down from an average of 1.005 million b/d for May.
Figure 1.
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04.30.2024
Biofuel feedstock demand rises while capacity declines: EIA
EIA Biofuels Capacity and Feedstock Update
The Energy Information Administration’s (EIA) Monthly Biofuels Capacity and Feedstocks Update, released on Tuesday April 30, showed that operable US biofuel capacity declined...
04.30.2024
Chicago edible tallow trades lower
The edible tallow price fell to 52 cents per lb Chicago basis on the afternoon of Tuesday April 30. Tallow trading was quiet outside of the edible tallow market.
04.30.2024
April animal protein values mixed month on month
US animal proteins prices were mostly steady on Tuesday April 30. Limited trade was again reported, with multiple market participants attending the Petfood Forum in Kansas City, Missouri, held...