The blending outlook became a bit more expensive. Heating oil prices slipped a penny, settling at $1.88 per gallon while soybean oil futures climbed two percent to 28.77 cents per pound for March delivery. Lower heating oil and stronger soybean oil combined and pushed the bean oil/heating oil spread five cents higher to 23 cents per gallon. The 2019 biodiesel RIN did not offset the rise,…
04.30.2024
Biofuel feedstock demand rises while capacity declines: EIA
EIA Biofuels Capacity and Feedstock Update
The Energy Information Administration’s (EIA) Monthly Biofuels Capacity and Feedstocks Update, released on Tuesday April 30, showed that operable US biofuel capacity declined...
04.30.2024
Chicago edible tallow trades lower
The edible tallow price fell to 52 cents per lb Chicago basis on the afternoon of Tuesday April 30. Tallow trading was quiet outside of the edible tallow market.
04.30.2024
April animal protein values mixed month on month
US animal proteins prices were mostly steady on Tuesday April 30. Limited trade was again reported, with multiple market participants attending the Petfood Forum in Kansas City, Missouri, held...