Trading was quiet coming off of the long, holiday weekend. Soybean oil futures were up today but the sinking heating oil market will do little to entice biofuels producers to pay higher prices. The general tone of the market heading into the first, full week of April is corrective to the downside. Bleachable fancy tallow remains offered and unsold at steady prices and early indications are that most buyers are well covered for their nearby positions. Cattle slaughter finished last week at 609,000 head, down 6.2 percent from the week prior. Slaughter numbers are forecast to pick back up this week to an estimated 660,000 head. Over the next six weeks slaughter is forecast at an average of 644,000 head, up 1.5 percent from the prior six week…
01.22.2025
Be8, Cemvita to study glycerin-to-SAF feasibility in Brazil
Brazilian biofuels producer Be8 and US-based biotech company Cemvita signed a memorandum of understanding to study the technical and economic feasibility of converting glycerin into sustainable aviation fuel (SAF),...
01.22.2025
CWG prices jump 17% from prior week on strong renewable demand
The choice white grease (CWG) market continued to trade higher on Wednesday January 22 with deals done as high as 42 cents per lb FOB Missouri River, but the...
01.22.2025
US weekly wheat, soybean export inspections decline; corn up 7%
Export inspections of US grains showed a decline for soybean and wheat, while corn increased in the week to January 16, according to data from the USDA released on...