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**The Jacobsen offices will be closed on Monday, May 25th in observance of the Memorial Day holiday.**
Hog and cattle slaughter continue to climb and the additional supplies have weighed on the bloodmeal markets this week. Porcine prices out of the IA/MO/NE market are off $75 compared to last week, ruminant prices out of the same market (Missouri River) are off $65. As production continues to increase and the demand side struggles with tight margins, it’s reasonable to expect prices to consolidate towards the lower end of the range in the near term.
Figure 1.
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