The market was mostly quiet with many in the market returning home from the American Fats and Oils Association conference this week in Nashville, TN. The AFOA had a record high attendance and sentiment amongst many in the crowd was mixed, but there seemed to be more negative than positive price sentiment based on the big production of biofuels in the market relative to the US federal mandate.
Prices were lower for lard today, down to 90 cts/lb Chicago. Distiller’s corn oil (DCO) prices were lower today as well on pressure from soybean oil. Despite the move down, DCO remains the highest priced feedstock on an FOB basis across the low carbon intensity portfolio. A lack of imported volume has certainly helped DCO prices maintain a spread to soybean oil and to used cooking oil as well.

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