05.16.2024
Animal fat prices steady on limited volume traded
Fastmarkets price assessment for edible tallow, fob Chicago was $52.00 cents per lb on 14 railcars, steady from $52.00 cent per lb on Wednesday May 15.
On Thursday,...
Distiller’s corn oil (DCO) traded sharply lower today, down as much as 4.75 cents from the last reported level for the FOB Nebraska/Kansas market. Volatility in the soybean oil market and the announcement by ADM that their Columbus, NE and Cedar Rapids, IA ethanol facilities would restart production have contributed to the downturn. The two plants at full capacity would add approximately an extra 2.7 million pounds or 60 trucks of DCO to the market per week. Favorable economics and the expectation of strong demand moving into the summer are expected to drive production levels closer to 2018 – 2019 levels, but spring maintenance should keep DCO supplies from dramatic increases in the near term. The EIA reported last week’s ethanol…