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 & Analysis
The USDA finally caught up with the backed-up export reports today, releasing the combined six-week numbers through February 14. For the period, total blue and hide sales were 3,146,120 and shipments were 3,111,075 were pieces. Looking at the year to-date through week seven, total hide and wet blue sales were 3,426,284, averaging 489,469 weekly and the same period shipments were 3,404,449 million, averaging 486,350 per week. For comparison,…