Distillers corn oil (DCO) prices were higher for spot sales out of the IL/WI, Mo. River and NE/KS markets today. Demand remains strong through the remainder of the year and prices have been helped by the continued surge in soybean oil prices. Spot prices continue to track over 90 percent of the price of nearby soybean oil on tighter production. Ethanol production was estimated lower by the EIA at 962,000 barrels per day last week. DCO production is estimated at 9.13 million pounds per day, down 1.5 percent from last week and 8.4 percent from the prior three-year average. It’s reasonable to expect prices to remain supported at these levels if soybean oil prices continue along at current levels. With COVID shutdowns there is risk in the market for supplies to continue to…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...