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.
**Please note** At the request of our subscribers The Jacobsen will begin summer publication hours for the Animal Proteins Bulletin next Friday, May 22nd. We will close trading at 12 CT on Friday and publish shortly after. Summer hours for Friday will be in effect through the Friday before Labor Day.**
Trading was quiet to close out the week this afternoon with little trading reported. Both porcine and ruminant MBM are under pressure from increased supply and there is substantial risk in the market for lower prices in both markets next week. Mixed species MBM is at risk from increased production via the rendering of hog depopulation. Buyers with any flexibility are going to seek the lowest priced material, which should pull the prices of the market lower on a whole. Porcine MBM has been indicated below the $300 mark…