It was a typical Monday with little action reported in the market. CWG trading was done steady in trucks and was the only fat trading reported. There was a bid/offer spread in the packer BFT market of $0.3100 – 0.3200 for May and June shipment. Sources remarked that biodiesel buyers were dour to start the week with heating oil continuing to dive and bean oil prices climbing. News of a producers tax credit bill was met with optimism and there are certainly bullish…
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...