While the pandemic has not had as large an impact on biodiesel consumption as it has for ethanol, glycerin, a by-product of biodiesel production, has seen demand fall sharply. Both refined and crude glycerin prices have suffered. Some of the contraction in the crude market can be attributed to the cyclical pricing often seen on a yearly basis. Refined pricing fell, while not abnormally low, moved rapidly from trading in the mid-50 cents range down to the low 30’s over a three-month period.
The pandemic reduced refined glycerin demand as restaurants shuttered, causing food demand to decline 10 to 20 percent. Grocery store food demand offset some of this decline, rising roughly six percent, by one account. Another factor helping to alleviate some lost demand has come from the pet food market where glycerin is used in soft pet foods and dog…
02.21.2025
US animal fats and oils markets finish week strong; broader uncertainty persists
The US animal fats and oils markets ended Friday February 21 on a relatively quiet note, though broader market developments throughout the week have added ongoing uncertainty to the...
02.21.2025
Sausage casings bulletin, February 21, 2025
Runner market commentary
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02.21.2025
US weekly net soybean meal exports, sales retreat again
In the week to February 13, US net soybean meal and soybean cake sales and exports continued to decline but were above most analysts' estimates, data released by the...