Weekly credit volume of 223,303 was up 23,411 credits from last week but 37 percent below the 2020 average if 352,989. Volume was 12 percent over the previous weekly total and 43 percent above last year’s volume for the same period. The average price paid per credit increased $1.00 to $195.79. There were 28 transactions, 16 percent were type 1 transfers of 97,294 credits and 12 were type 2 transfers of 126,009 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 better reflect 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 $197.10, which was $0.03 above the average for all trades. Third quarter volume is 17 percent below second quarter volume but 51 percent over Q3 of…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...