In a sign of the times, corn crushed for ethanol in April, during the peak of the COVID-19 lockdown, was down more than 44 percent from April 2019, while corn crushed for alcoholic beverages was up 12 percent from April 2019 according to USDA’s Grain Crushing and Co-Production report released yesterday. Based on the April numbers, WPI estimates that June corn use for ethanol could rebound to 310 million bushels for dry mill ethanol production and 45 million bushels for wet mill production, which would equate to about 1.46 MMT of DDGS production. That DDGS production would be about 80 percent of last April.
Dry mill production of DDGS was 1.01 MMT during April 2020, down 62 percent of March 2020 and down 55 perce...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...