Ruminant MBM traded in good volume at $365 out of the Mo. River market and $347 – 370 FOB Panhandle. Trading was reported lower in the PNW, $325 – 350. Porcine supplies continue to weigh down the market with $355 – 375 reported out of the Mo. River market today. As porcine dips below ruminant, buyers are likely to soon start to push harder for lower prices.
Figure 1.
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04.19.2024
Reduced March RIN production not leading to higher RIN Prices
Total March biofuel RIN production was 1.9 billion RINs, which was 6% below February and 15% below December’s RIN output of 2.25 billion. December had the largest monthly production...
04.19.2024
CWG, YG higher on week, UCO, DCO down again
The market was quiet heading into the weekend. Used cooking oil (UCO) traded in large volume into the Gulf at 40 cents per lb delivered in the truck market.
04.19.2024
Price pressure on ruminant and porcine items for the week
Sloppy markets were reported for porcine and ruminant items at the close of week ending Friday April 19.
Wide ranges were witnessed on porcine bloodmeal (BM), with a...