This chart captures the changing relationship in commodities as biofuels policy has an affect on values in the market place. Historically, we have seen tallow (in this case US export and Australian) trade in a band between Brent Crude prices and Palm.
After 2011 this relation starts to break down with tallow trading at a premium to palm in several time periods.
As the CA Low Carbon Fuels Standard starts to ramp up, and the low carbon model starts to be adopted by other states and countries, we speculate that government incentives will have further impact on historical relationships where rendered products with low CI values will become increasingly valuable.
02.21.2025
US animal fats and oils markets finish week strong; broader uncertainty persists
The US animal fats and oils markets ended Friday February 21 on a relatively quiet note, though broader market developments throughout the week have added ongoing uncertainty to the...
02.21.2025
Sausage casings bulletin, February 21, 2025
Runner market commentary
Table 1
02.21.2025
US weekly net soybean meal exports, sales retreat again
In the week to February 13, US net soybean meal and soybean cake sales and exports continued to decline but were above most analysts' estimates, data released by the...