Supreme Court Decision on SREs Injects Bearish Tone Back into Fat Market

Supreme Court Decision on SREs Injects Bearish Tone Back into Fat Market

Please Note – Ryan Standard will be out of the office Jun 28 – July 2nd. In his absence, please contact Chloe Krimmel at 

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Three cars of packer bleachable fancy tallow (BFT) traded up 2.5 cents into/through the Chicago market this morning. The quick-ship market remains supported on tight, nearby availability for both renderer and packer, but July pricing is at risk to move lower. Today’s 6-3 decision by the Supreme Court to overturn the 10th Circuit Courts decision on Small Refinery Exemptions (SREs) has injected a bearish tone into the market. RIN and soybean oil prices retreated after the news and buyers are on the sidelines. Renewable fuels advocates are optimistic that the Biden administration will limit the use of SREs, but the decision strikes a blow to confidence in the rigidity of the mandated gallons called for in the Renewable…

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