Export data from cargo surveyor Intertek Testing shows that palm oil shipments for export are up 10.6% at the mid-point of the month. While still higher, they are not quite the 31% increase that was reported on the 10th. Crude palm oil (CPO) demand is off by 12%, RBD palm oil demand is down 25%, but RBD palm olein demand is up by 51,785 metric tons, or 58%, and is helping to push overall…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...