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.
Trading was steady in the animal protein market with no changes reported. Sellers continue to push for higher numbers on both porcine and ruminant MBM. July soybean meal futures were off $5.70 this afternoon, settling at $421.10. Animal proteins remain very well valued on a per unit of protein basis versus soybean meal. Feathermeal (FM) prices did move lower this week with sources suggesting a combination of April reformulations and container shortages contributing to the downturn. Spot FM was very tight through much of the first quarter and it’s likely that indeed high prices relative to soybean meal pushed feathers out of…