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.
Feathermeal (FM) prices traded lower again this week as sellers continue to cut prices in an effort to move volume. Soybean meal (SBM) continues to trade higher at the CME, which is improving the value of feathermeal in rations. Sources have suggested that much of the downward pressure in the market is a result of shipping difficulties tied to container shortages, especially in the Eastern parts of the US in recent weeks. Despite the strong SBM market it’s reasonable to expect prices to continue to trade…