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 Fats 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 fairly quiet to close out the week with most buyers and sellers covered until their next position. Buyers in the feed sector may also be detecting weakness on the softer grades and sitting on the sidelines. Yellow grease did trade today at $0.2000 FOB Missouri River. Nine trucks of CWG did trade steady out of the Indiana market at $0.2100.
BFT availability has increased this week with cars offered and unsold at steady prices before being absorbed on a formula-based purchase. Technical tallow remains in very good demand and supplies are tight at the moment. With the wide spread to soybean oil, buyer should be walking away from material if…