It was an active day in the hide market, however, there are major concerns due to the recent surge in COVID-19 cases in China. The entire Chinese province of Jilin is under lockdown as cases are spreading rapidly. This has resulted in the mandatory lockdown, leaving the 24 million residents in Jilin quarantined, once again. This is starting to create concern for the global supply chains considering the potential impact on ports and on driver availablity for trucks. Since workers can’t leave their homes, there may be soon limited manufacturing and transport.
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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...