Crude prices were down over $2 per barrel intraday before seeing a slight recovery and closing at $43.25, down $1.88 per barrel. Heating oil moved nearly 3 cents per gallon lower to $1.56 per gallon in the front month contract. Soybean oil countered by dropping 33 basis points, which, as fare as the BO-HO spread is concerned, mostly offset the HO move, leaving the BO-HO nearly unchanged at 64.8 cents per gallon.
Biodiesel RINs continue to…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...