04.24.2024
Biodiesel output strong in Q2; producers start locking in Q3-Q4 sales
A second producer echoed this sentiment and said they have had to work a bit harder to secure feedstock to line it up with sales at the right time.
Trading was mostly steady today with buyers pushing for lower prices basis recent drops in the soybean meal price. Sellers are pushing for higher prices basis tighter holiday production ahead and most animal protein values priced well below the historical average to nearby soybean meal.
Feather meal traded higher out of the Delmarva market today, $400 – 410 FOB. Delmarva feather meal finished November at a relative price to soybean meal of 88 percent, 19 points under the prior three year average. The prior three year average for December is 110…