Three rail cars of renderer and a eight cars of packer BFT traded at $0.3075 Chicago this afternoon. Sources remarked that buyers had been kicking tires for the last week, but thus far had been unwilling to pay up a penny. Cattle kills remain tight as evidenced by the 109,000 head count today. When comparing the Jan – Feb totals, cattle slaughter is off 334,000 head from 2014 and 596,000 head from 2013.
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...