Distiller’s corn oil (DCO) trading was higher today as strong demand continues to mix with tight supplies to drive prices. Feed demand, particularly from the all-veg turkey sector, remains very strong with big slaughter numbers anticipated over the next four weeks ahead of the Thanksgiving holiday.
Ethanol production was lower last week, estimate by the EIA at 913,000 barrels per day. DCO production is estimated at an average of 8.67 million pounds per day, down 6 percent from year ago levels. It’s reasonable to expect the trend of tighter supply and strong…
05.13.2024
US glycerin prices mostly steady amid increasing biodiesel production
Glycerin prices in the US were steady to slightly lower on Monday May 13. US biodiesel production has been increasing, boosting the supply of glycerin — a co-product of...
05.13.2024
Weekly cattle slaughter forecast to remain below 2023 levels into June
US cattle slaughter
Fastmarkets research team forecast cattle slaughter at 630,000 head in the week to Saturday May 18, down by 1.61% compared with the same period in 2023.
05.13.2024
Six-week hog slaughter forecast to be flat or up from 2023
US hog slaughter
Fastmarkets research team forecast hog slaughter at 2.425 million head in the week to Saturday May 18, up by 0.75% from the same period in 2023.