Distiller’s corn oil (DCO) traded in a range of 45.5 – 46 cents lb delivered US Gulf today on what was otherwise a quiet trading day. 

The lower values at the CME for soybean oil contributed to the negative pressure, and the soybean oil futures market was down due to record soybean crush and strong soybean oil stocks reported in the NOPA crush report.

FOB prices in the DCO market were unchanged today on a lack of trading, but sources said that weakness in the Gulf market is starting to weigh on the local truck markets. 

Cattle slaughter finished last week at an estimated 603,000 head, down 1.6% from the prior week’s average and down 1.4% from the same week in 2023.

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