04.26.2024
P66 Rodeo to begin producing SAF in Q3
Phillips 66 brought its long-awaited Rodeo Renewable Energy Complex online during the first quarter of 2024, but it is not producing sustainable aviation fuel (SAF) yet, the company said...
Market Activity
Trading for ruminant MBM moved higher out of the Mo. River and Panhandle markets today, $195 – 220 and $185 – 220, respectively. Porcine MBM traded lower, $245 – 280 FOB Eastern IA/IL and Mo. River. Carolinas action was lower as well, $280 – 300. Strong hog kills continue to pump plenty of product into the market. Ruminant MBM prices are near a multi-year low with the ratio of ruminant MBM (Mo. River and PH average) to nearby SBM at 61%. Since 2013 the bottom is 60%…