Export data from cargo surveyor Intertek Testing shows that palm oil shipments for export are up 19.8% and have rebounded from the slight decline seen at mid-month. Malaysia’s decision to increase the export tariff on crude palm oil (CPO) shipments beginning April 1st may have led to some advance buying heading into the end of the month. CPO shipments increased by 96,360 metric tons in the past…
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...