04.24.2024
Biodiesel output strong in Q2; producers start locking in Q3-Q4 sales
A second producer echoed this sentiment and said they have had to work a bit harder to secure feedstock to line it up with sales at the right time.
Market Activity & Analysis
As expected, the US hide market is quiet with bidding traffic down considerably as the Asia market shuts down for the Lunar New Year holiday. A few buyers are testing the waters with lower bids and some traders are continuing to buy.
Everyone in the industry from producer to tanners is watching and hoping for the West Coast ports negotiations to be resolved quickly; however, there has been little news since the weekend. Most people are…