DCO prices strengthen as output, ethanol production decline on week

Author: Alexandra Watts

DCO prices strengthen as output, ethanol production decline on week

Prices for US animal fats and oils held steady to higher on Wednesday January 29, with much of the day's trade concentrated in the distiller’s corn oil (DCO) markets.

March soybean oil (SBO) futures settled at 44.97 cents per lb, down 16 points from the previous day’s close of 45.13 cents per lb, as ongoing uncertainty surrounding US biofuels policy and tax credits kept market participants cautious.

Despite the dip in soybean oil prices, DCO continued to benefit from recent strength in...

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