Biodiesel Output Holds Steady From July, Elevated Relative to August 2019
The Energy Information Administration’s (EIA) Monthly Biodiesel Production Report showed 163 million gallons of US biodiesel produced from 1.24 billion pounds of feedstock during August. Biodiesel production and feedstock consumption was fractionally above July. August 2020 production was 4.5 percent over August 2019. The ratio of feedstock used per gallon of biodiesel produced, narrowed from 7.64 pounds to 7.60 pounds per gallon.
According to the EIA, production was from 88 biodiesel plants, down one plant from last month, with a capacity to generate 2.46 billion gallons. Production as a percent of capacity was 79.5 percent. Monthly domestic production capacity per the EIA is 204.9 million gallons.
The industry’s most widely used feedstock is soybean oil. Soybean…
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...