Higher soybean oil prices and strong demand from the renewable and all veg feed sectors have combined to drive distillers corn oil (DCO) prices sharply higher this week. Prices traded up by as much as two cents in the spot market and two and a half cents for OND. The EIA estimated ethanol production at 926,000 barrels per day for last week, down 15,000 bbl/day from the week prior. Distillers corn oil production is estimated by The Jacobsen at just under 8.8 million pounds per day last week, down 9.5 percent compared to last year and down 1.6 percent from the week prior. The tight supplies have certainly added strength to the market, but the lack of optionality for all veg feeders combined…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...