04.23.2024
Rising BOHO spread spurs RIN values higher
Despite the move higher, D4 RINs are down 2% in value from the previous week. RIN prices are receiving support from the rising bean oil/heating oil (BOHO) spread, which...
Please Note – The Jacobsen offices will be closed on Monday, May 31st for the Memorial Day holiday.
Ten cars of technical tallow remain offered out at 64 Chicago and untraded. Lard traded higher late yesterday in three rail cars. Outside of the technical and lard markets, trading was very quiet ahead of the long, holiday weekend.
The packer bleachable fancy tallow (BFT) market held firm this week while other animal fat and co-products traded higher. Renderer BFT did trade up, pushing that average over the Chicago packer market. CWG FOB Mo. River prices were up 2.2 percent from last week on strong demand from the biofuels sector. The strong choice white market has helped to pull up yellow grease prices, although at a slower pace. Mo. River prices for YG are up 0.7 percent from last week. Sources have indicated wide spread in the yellow grease markets. Trucks are trading on an FOB basis within the printed trading range, but rail cars of…