11.13.2024
Neste, Air Canada sign SAF agreement for Vancouver
Finnish transport fuel producer Neste and Air Canada have signed an agreement for the delivery of approximately 20 million gallons of sustainable aviation fuel (SAF) for use by the...
Ruminant MBM prices were lower out of the Dal/Hou market today and higher for IL renderer material. The market seems highly opportunistic for light volume heading into next week with the bulk of buying and selling done and both sides of the trade focusing on logistics. Pockets of heavy supply and perhaps a lack of interest to pick up around the holiday have created some lower-priced opportunities for buyers. Some sellers have seen premiums for additional tonnage in tight delivery windows this week. Fundamentally, prices are at risk to move slightly lower based on the relative price to soybean meal. In the Eastern market, prices for the month are at an average of 88 percent, 0.8 points over the prior three year average for November. December’s relative price is 87 percent, which would translate to a value of $342 on today’s soybean meal market. The holiday and production interruptions are…