U.S. oil producers have accounted for the swing barrels of crude oil over the past few years as increasing opportunities to generate fracking related barrels has increased. The drop of WTI in 2016 below $30 per barrel reduced this opportunity significantly, pushing many oil producers to the sidelines and giving OPEC the opportunity to gain market share. With a new administration that is favorable…
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...