US DCO prices jump on strength from soybean oil

US DCO prices jump on strength from soybean oil

Distillers’ corn oil (DCO) traded higher in the US on Monday July 8, boosted by a strong cash soybean oil market and last week’s run-up on the soybean oil futures market.

Trading was done as high as 50 cents per lb FOB Missouri River for August shipment, and bids were heard into the US Gulf at 51 cents per lb delivered, with offers heard at 53 cents per lb delivered.

Outside of the DCO market, trading was quiet to start the week.

Cattle slaughter finished last week at an estimated 522,000 head, down by 2.7% from the same week in 2023 and by 14.3% from the week prior.

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

07.19.2024

EU imposes provisional anti-dumping duties on Chinese biodiesel

EU imposes provisional anti-dumping duties on Chinese biodiesel

The European Biodiesel Board (EBB) announced on Friday July 19 that the EU has decided to impose “provisional anti-dumping duties in its trade case against Chinese biodiesel entering the...

07.19.2024

Lard market jumps ahead of weekend

Lard market jumps ahead of weekend

Lard traded higher on Friday July 19 on a Chicago basis, up to 55 cents per lb, and choice white grease traded on a Chicago basis as well, steady...

07.19.2024

IA/MO/NE porcine bloodmeal prices up; other animal protein products down

IA/MO/NE porcine bloodmeal prices up; other animal protein products down

US animal protein prices were mixed to lower in the week to Friday July 19.  Market sources continued to not price pressure from lower soybean meal values and diminished...

Latest Tweets