World Vegetable Oil Prices Plunge Following Historical Move in Crude Oil Prices
World vegetable oil prices moved sharply lower on Tuesday following an unprecedented trading session in crude oil on Monday in which the expiring May contract traded as low as -$40 per barrel. While the historical significance of a commodity trading at a negative price was likely due to the particulars of the expiring contract trapping…
04.18.2024
Total RFS blending falls in March, domestic biodiesel blending increases
The Environmental Protection Agency (EPA) reported 1.66 billion gallons of renewable fuel blended within the nation’s transportation fuel pool during March. Blending was six percent below February and...
04.18.2024
EU UCO premium to US continues to grow
The US animal fats and oils market was mostly quiet on Thursday April 18, with a handful of price changes reported. Choice white grease (CWG) into the Missouri River...
04.18.2024
Ruminant meat and bonemeal price pressure in most regions
Price pressure was reported on several regions for meat and bone meal, ruminant and porcine items. Market sources said buyer pushback and light demand, with exception to the pet...