Ethanol production increased 50,000 barrels per day to a 958 million-barrel-per-day average during the week ending July 24, 2020. Ethanol and DDGS rebounded after last week’s decline, reaching an 18-week high. Production increased 5.5 percent over last week’s output but was seven percent below levels at this time last year. DDGS output increased 4,755 metric tons per day from last week but is 6,943 MT below production from a year ago.
Gasoline supply climbed three percent from the prior week but is eight percent below 2019 levels for the same weekly period. Ethanol stocks increased 2.4 percent, pushing back above the 20-million-barrel level. Ethanol imports resumed for the first time in three weeks with 7.9 million gallons arriving on the West Coast. The increase in ethanol output raised corn demand by 741 thousand bushels per day. DDGS output moved with ethanol production, rising…
05.06.2024
Strong biodiesel production seen weighing on crude glycerin prices
The whispers of declining biodiesel production are meeting with resistance. Some observers have been sounding the alarm regarding declining production for over a year now, but if true, biodiesel...
05.06.2024
Average weekly hog slaughter to decrease into mid-June: Fastmarkets’ research team
Distillers’ corn oil (DCO) prices fell to 42-43.5 cents per lb delivered US Gulf on Monday May 6 for May-June shipments. There was additional trading reported on the same...
05.06.2024
Year-to-date commercial cattle production falls 2.30% y-o-y
US animal proteins prices were steady on Monday May 6. Limited trade was reported, with several market participants only testing prices, Fastmarkets heard.
US hog slaughter
Fastmarkets research...