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
Outstanding Export Sales
Tables 1 and 2 below show the total outstanding cured hide and wet blue export sales by selected countries through April 23. Through Week 17, the total outstanding sales are 4.883 million from at 4.902 million the prior week. With the same period average weekly slaughter at 596,668 head, the cumulative outstanding sales represent 8.18 weeks of production from 8.09 the previous week.
Table 1 & 2.
Today’s Market
Now that Italy and other European countries are back in the market, the US sellers are anticipating an increase is demand. However, the uncertainty still remains as to which sector is going to buy first. There has been a bump in price for light HNS and BBS…