According to the EIA’s Weekly Petroleum Status Report, daily ethanol production continues to soar as it hit the fifth highest rate on record. For the first time in four weeks ethanol production did not hit an all time high, as it came in at 972,000 barrels per day, 20,000 b/d below last weeks rate. The drop in production brought demand for corn from the ethanol industry down to 14.48 million bushels per day, a decline of 13,169 daily…
05.06.2024
Strong biodiesel production seen weighing on crude glycerin prices
The whispers of declining biodiesel production are meeting with resistance. Some observers have been sounding the alarm regarding declining production for over a year now, but if true, biodiesel...
05.06.2024
Average weekly hog slaughter to decrease into mid-June: Fastmarkets’ research team
Distillers’ corn oil (DCO) prices fell to 42-43.5 cents per lb delivered US Gulf on Monday May 6 for May-June shipments. There was additional trading reported on the same...
05.06.2024
Year-to-date commercial cattle production falls 2.30% y-o-y
US animal proteins prices were steady on Monday May 6. Limited trade was reported, with several market participants only testing prices, Fastmarkets heard.
US hog slaughter
Fastmarkets research...