The market was mostly flat today. Nearby corn oil continues to be reported as tight and prices are snug in their current range. Choice white prices were indicated steady today, kills took a bit of a step back with 456,000 head estimated today. As stated yesterday, the fundamentals suggest the market is going to head lower in the coming weeks as a combination on heavy kills and a stronger than prior relationship to nearby bean oil weighs on the market. Cash bean oil…
05.08.2024
May STEO forecast, 2024 RVOs
The Energy Information Administration’s (EIA) Short Term Energy Outlook (STEO) showed a decrease in 2024 fuel consumption estimates. This lowered renewable fuel blending estimates for the year, leading to...
05.08.2024
DCO production falls, Gulf UCO trades higher
Used cooking oil (UCO) traded at 41.5 cents per lb delivered US Gulf on Wednesday May 8, up 1.5 cents per lb from the last reported level. UCO was...
05.08.2024
Porcine meat and bonemeal lower on diminished interest
The majority of US animal protein prices were steady on Wednesday May 8. Most values reported were within the previously set ranges, with exception to porcine ruminant bloodmeal on...