The market was very quiet today with a number of market participants in Nashville, TN for the American Fats and Oils Association meeting. There was a record high attendance for the event this year. There is support in the market for higher renderer BFT prices on tight supplies.
The EIA estimated ethanol production up to 1.032 million barrels per day for last week, the highest weekly estimate since the week ending July 9th. The increase is a sign that the industry is coming out of seasonal maintenance and ramping up production for the fourth quarter. Distillers corn oil production is estimated at 9.8 million pounds per day, up 5.5 percent from last week and up 4.9 percent from the 2018/2019 average…
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...