The Energy Information Administration’s (EIA) Biodiesel Production Report released earlier today showed 132 million gallons of biodiesel produced from 1.01 billion pounds of feedstock during February. Biodiesel production edged 1.5 percent lower and feedstock use fell by three percent. February volume was fractionally over volume from February of 2019 and feedstock use was up two percent year over year. The ratio of feedstock used per gallon of biodiesel produced declined from 7.78 pounds per gallon to 7.63.
According to the EIA, production came from 91 biodiesel plants, unchanged from last month, with a capacity to generate 2.5 billion gallons. This indicates that production, as a percent of capacity was 64 percent. Monthly domestic production capacity, per the EIA is 208.8 million gallons.
The…
11.18.2024
EIA reduces US biomass-based diesel consumption forecast for 2024, 2025
The US Energy Information Administration’s (EIA) monthly Short-Term Energy Outlook (STEO) released on Wednesday November 13, reduced its 2024 and 2025 forecasts for the consumption biomass-based diesel (BBD). The...
11.18.2024
UCO prices rise to start week; December cattle slaughter expected to decline
Used cooking oil (UCO) prices edged higher in the US Gulf Coast on Monday November 18, amid an otherwise quiet start to the week...
11.18.2024
Missouri River, Texas Panhandle ruminant bloodmeal prices higher on active demand
US animal proteins were steady to higher on Monday November 18.
Bloodmeal demand was indicated as active by market sources, although some buyer hesitancy was reported. Ruminant bloodmeal...