06.27.2025
Sausage casings bulletin, June 27, 2025

Runner market commentary
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RINs Close at All-Time Highs
The price of renewable identification number (RIN) credits used for compliance purposes in the Renewable Fuel Standard (RFS) reached historic highs and are currently trading at their highest level in program history. Biodiesel RINs broke through the $2 dollar barrier with the 2021 D4 RIN closing $3.25 higher at $2.02¾ per RIN. Ethanol D6 RINs continue to trade in a very tight range to the D4. The 2021 D6 RIN settled $2.25 higher at $1.96½.
Ethanol RINs are shadowing Biomass-based diesel RINs, which are a ceiling for D6 price exposure. When there are blend wall concerns regarding meeting the conventional ethanol mandate, D4 RINs become the next marginal gallon to be used in order to meet overall compliance. When this happens, any perceived shortfall in the…
06.24.2025
Correction to sausage casings, resale, North American hog runners, whiskered, ex-works North America on June 20: pricing notice
North American hog runners price published on Friday was incorrect due to a formula miscalculation. The original reported price of $1.63 has been corrected to the accurate rolling average...