Rising Ethanol Stocks Could Lead to Further DDGS Decline
Weekly ethanol production declined for a second consecutive week, falling 42 thousand barrels per day to a 1.06 million-barrel-per-day average for the week ending January 7, 2022. Ethanol output was four percent below last week but seven percent above year ago levels. The decline in ethanol production lowered DDGS output 3,995 metric tons (MT) per day to 95,679 MT but was 6,182 MTs above production from a year ago.
Weekly gasoline supply fell 3.3 percent to 7.9 million barrels per day but was five percent over levels seen at this time last year. Ethanol stocks of 22.91 million barrels increased for a second straight week and were 7 percent above last week but 3.3 percent under year ago levels. Imports of sugarcane ethanol were again absent on the West…
04.29.2024
Strong domestic biodiesel margins support rising crude glycerin inventory
Crude glycerin prices are holding steady to slightly lower in the week to Monday April 29, with improved biodiesel margins helping to keep the supply of glycerin strong.
04.29.2024
Gulf tallow prices higher; optimism builds for higher demand for June
Tallow traded higher into the US Gulf market on Monday April 29, up to 41 cents per lb delivered. Outside of the Gulf market, trading was quiet with sources...
04.29.2024
Animal protein prices steady at start of the week
US animal proteins were steady on Monday April 29. Limited trade was reported, with multiple market participants are expected to attend the Petfood Forum in Kansas City, Missouri, this...