Weekly credit volume continues to be stronger than average as credit prices begin to stabilize. Credit volume held above 600K credits transacted and was 60 percent over the weekly 2020 average of 374,919. Weekly credit volume was 12 percent below last week’s total but 99 percent over last year’s volume for the same weekly period. The average price paid per credit increased $2.76 to $202.52. There were 70 transactions, 22 percent were type 1 transfers of 135,102 credits and 78 percent were type 2 transfers of 466,304 credits. Type 1 transactions are trades executed within 10 days of a transfer agreement. Type 2 transactions are executed beyond 10 days of a transfer agreement. Type 1 transactions give clearer indication of where the market is trading since Type 2 transactions do not provide a date the agreement was entered into. The weighted average price for type 1 trades was $196.67, which was $5.55…
04.18.2024
Total RFS blending falls in March, domestic biodiesel blending increases
The Environmental Protection Agency (EPA) reported 1.66 billion gallons of renewable fuel blended within the nation’s transportation fuel pool during March. Blending was six percent below February and...
04.18.2024
EU UCO premium to US continues to grow
The US animal fats and oils market was mostly quiet on Thursday April 18, with a handful of price changes reported. Choice white grease (CWG) into the Missouri River...
04.18.2024
Ruminant meat and bonemeal price pressure in most regions
Price pressure was reported on several regions for meat and bone meal, ruminant and porcine items. Market sources said buyer pushback and light demand, with exception to the pet...