Renderer bleachable fancy tallow (BFT) traded higher today as did technical tallow. BFT traded in four cars and tech tallow for one car within the 30-day window. Choice white grease traded in a tighter range out of the Missouri River market at 47 – 48 cents FOB. The May soybean oil (SBO) contract has traded up 6.6 cents per pound or 12.8 percent since the close on April 12th. The continued strength in the SBO and corn markets has forced the hand of some buyers who had been waiting out the market.
Cargill and Love’s announced a joint venture for a renewable diesel production facility in Hastings, Nebraska. The joint venture called Heartland Renewables will produce and market renewable diesel from the planned production facility that is expected to have an annual capacity of approximately 80 million gallons. In the press release by Love’s (
…
10.18.2024
RIN prices fall week on week despite lower reported US biodiesel output
Prices for renewable identification numbers (RINs) fell week on week on Friday October 18 despite lower production reported for September, and US biofuels markets remain in limbo over awaited...
10.18.2024
US DCO prices decrease amid quiet trade week
US animal fats and oils markets ended the week stable to slightly lower on Friday October 18, following a quiet week of trading as many participants attended the American...
10.18.2024
Lackluster trade volume keeps weekly US animal proteins prices mostly steady
US animal proteins prices were steady to slightly lower for the week to Friday October 18 on limited trade volume.
Several market participants told Fastmarkets it was a...