Five cars of packer and renderer BFT traded sharply higher on a Chicago basis today. Technical tallow traded at 70 cents per pound Chicago basis today in two rail cars and there were an additional 15 rail cars traded at the equivalent of 67 Chicago, but outside of the Chicago rail corridor.
Chicago CWG was sharply higher as well as was the FOB truck markets. Buyers in select locations have been able to find deals if they’re able to, “get a truck under it in short order” but offers are out substantially higher for the bulk of January. Trading out of the Mo. River region was as high as 46 cents per pound FOB today.
Today’s EIA report estimated ethanol production at 1.048 million barrels per day for last week. The production estimate is the lowest since the week ending November 26th, which was the week of the Thanksgiving holiday. The Jacobsen estimates distiller’s corn oil production at 9.95 million pounds per day, down 1 percent from the week prior and up 12…
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...