Weekly credit volume of 158,738 was up 56,470 credits from last week but 56 percent below the 2020 average if 361,728. Volume increased 55 percent for the week but was 34 percent below last year’s volume for the same period. The average price paid per credit declined $0.93 to $199.39. There were 17 transactions, six percent were type 1 transfers of 53,738 credits and 11 were type 2 transfers of 105,000 credits. Type 1 transactions are executed within 10 days of a transfer agreement. Type 2 transactions are executed beyond 10 days of a transfer agreement. Type 1 transactions may give a better indication of current market conditions since Type 2 transactions do not provide a date the agreement was entered into. The weighted average price for type 1 trades was $191.35, which was $8.04 below the average for all trades. Third quarter volume is 28 percent below second quarter volume but 52…
11.11.2024
Falling biodiesel margins lead to expectations for higher RINs, lower feedstock cost
Biodiesel margins continued to fall during the week ending Friday November 8, with rising feedstock cost pushing the soybean oil/heating oil (BOHO) spread to its highest level in more...
11.11.2024
DCO starts the week higher; hog slaughter increases slightly
Distillers’ corn oil (DCO) traded higher out of the FOB Midwest markets on Monday November 11 in what was otherwise a quiet market to start the week.
A...
11.11.2024
US cattle slaughter continues to fall behind 2023 levels
Trading was quiet in the US animal protein market on Monday November 11, with no price changes reported.
Cattle slaughter
Fastmarkets’ research team forecasts cattle slaughter at 625,000...