California Air Resources Board (CARB) is scheduled to release their first quarter 2020 supply and demand data on July 31. The Jacobsen expects biodiesel consumption to come in below CARB forecast and renewable diesel to be over forecast. Strong renewable diesel margins continue to make RD the liquid molecule of choice in the California Market.
Historically, Q1 has not been a sterling quarter for RD. Therefore, we have skewed our RD forecast slightly lower than we would otherwise expect. The Jacobsen expects about 184 million gallons of RD to be consumed during the first quarter of the year. Neste had a catalyst change scheduled during the second quarter at their Singapore plant, so it wouldn’t be surprising if they shipped more product ahead of the scheduled change. The catalyst change was expected late in the second…
01.23.2025
Chicago animal fats and oils market trades higher on strong demand, tight supply
Four cars of packer-grade bleachable fancy tallow (BFT) traded at 49 cents per lb Chicago on Thursday January 23, while four cars of choice white grease (CWG) traded at...
01.23.2025
Winter weather impacts poultry production; December cattle, hog slaughter under prior year
Sources continued to report limited trade for US animal proteins on Thursday January 23, leaving most prices flat day on day.
The only product under negative price pressure...
01.23.2025
Brazil’s tallow export prices climb, domestic bid-offer gap widens
Prices for exported Brazilian tallow rose by $20 per tonne in the week to Thursday January 23, as stronger demand from US importers led suppliers to prefer export sales...