Mixed tones were present in the market today with a wide range reported on a number of products. Choice white grease traded as high as 55 FOB Mo. River in eight trucks, but the bulk of trading was done in a range of 48 – 50 FOB today. There was also light trading indicated in the 46 – 47 FOB range. Bids were indicated in the 50 delivered range for both biofuels and feed, but again, trading was done as high as 50 FOB for good volume into the feed sector.
Sellers were more optimistic today on news of reopened rail lines into the Gulf market, but there were no reports of new cars tendered into the Gulf market nor any fixed timelines on when that may happen.
Distiller’s corn oil was higher into Manly, but steady FOB out of the other markets. Ethanol production was estimated higher for the third consecutive week by the EIA, up to 937,000 barrels per day. The Jacobsen estimates DCO…
04.19.2024
Reduced March RIN production not leading to higher RIN Prices
Total March biofuel RIN production was 1.9 billion RINs, which was 6% below February and 15% below December’s RIN output of 2.25 billion. December had the largest monthly production...
04.19.2024
CWG, YG higher on week, UCO, DCO down again
The market was quiet heading into the weekend. Used cooking oil (UCO) traded in large volume into the Gulf at 40 cents per lb delivered in the truck market.
04.19.2024
Price pressure on ruminant and porcine items for the week
Sloppy markets were reported for porcine and ruminant items at the close of week ending Friday April 19.
Wide ranges were witnessed on porcine bloodmeal (BM), with a...