04.24.2024
Biodiesel output strong in Q2; producers start locking in Q3-Q4 sales
A second producer echoed this sentiment and said they have had to work a bit harder to secure feedstock to line it up with sales at the right time.
Market Activity
Two cars of lard traded at $0.3900 Chicago today in what was otherwise an extremely quiet market. There were light offerings of renderer and packer at steady money, but no trading. The softer grade material remains heavy, but the chatter on price and exact quantity was non-existent today.
Cattle Slaughter
Cattle slaughter continues to run ahead of last year’s pace with last week’s estimated total of 649,000 running 5.3% ahead of the same week…