Lexi Watts out of Office December 16-18
The Federal Reserve Economic Data (FRED) Total Auto Sales report for November was released this week, showing a drop in sales to 15.97 million units. Sales have historically ebbed in November, but by a much smaller margin. Sales for November 2020 are off 10.5 percent compared to the prior five-year average, and November’s drop is the first since April. COVID restrictions across much of the US in November and December make it reasonable to expect the trend of lower auto sales and consumer spending relative to history to continue. The approval of vaccines…
11.18.2024
EIA reduces US biomass-based diesel consumption forecast for 2024, 2025
The US Energy Information Administration’s (EIA) monthly Short-Term Energy Outlook (STEO) released on Wednesday November 13, reduced its 2024 and 2025 forecasts for the consumption biomass-based diesel (BBD). The...
11.18.2024
UCO prices rise to start week; December cattle slaughter expected to decline
Used cooking oil (UCO) prices edged higher in the US Gulf Coast on Monday November 18, amid an otherwise quiet start to the week...
11.18.2024
Missouri River, Texas Panhandle ruminant bloodmeal prices higher on active demand
US animal proteins were steady to higher on Monday November 18.
Bloodmeal demand was indicated as active by market sources, although some buyer hesitancy was reported. Ruminant bloodmeal...