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.
Porcine blood meal prices moved lower this week. A wide spread between porcine and ruminant blood meal is likely driving the downward pressure in the porcine market. The IA/MO/NE porcine blood meal is currently trading at a $100 premium to the Mo. River ruminant blood meal. The prior three year average premium for porcine to ruminant is $32 per ton for March and $26 per ton for April. It’s reasonable to expect additional negative price pressure on the porcine…