03.28.2024
LCFS credit volumes, average prices move higher
**Please note – There will be no Biomass Based Diesel bulletin on March 29, 2024, in observance of Good Friday.**
**Bob Lane was out of the office today.**
California low carbon...
Trading was stead today with no changes in the protein market. Soybean meal moved lower again today, but at prices just over $388/ST, the current market should continue to see support in terms of relative protein value. Porcine blood meal is currently trading at a premium of $87.50 to ruminant material. The prior three year premium for November is just under $20, which suggests that there is risk for ruminant blood meal prices to move higher in the near term. Holiday…