Market activity was dull again on Tuesday, with few price indications and or deals reported. Many sources were attending the Jacobsen Biofuels and Feedstock Conference in Chicago.
In addition to this, benchmark soybean oil futures crumbled again, which left many participants willinging sitting on the sidelines. On the CME, the most widely traded soybean oil futures contract (July) ended the session below 48 cents per pound at 47.45 cents per pound, down a whopping 224 basis points per pound, or 4.5 percent.
Distiller’s corn oil (DCO) traded early in the day at…
07.25.2024
DGD financial outlook improves despite lower Q2 margins
US renewable diesel major Diamond Green Diesel (DGD), a 50:50 joint venture between Valero Energy and Darling Ingredients, reported on Thursday July 25 a continued weakening in operating income...
07.25.2024
US Gulf tallow prices boosted by limited spot supply, strong Chicago market
Tallow with max 20% free fatty acids (FFA) traded at 51 cents per lb delivered US Gulf on Thursday July 25, following trades earlier this week at that price.
07.25.2024
Animal protein values flat; June poultry slaughter below traditional trends
US animal proteins values were indicated as rangebound on Thursday July 25, with light trade volume reported from multiple market sources.
US broiler slaughter
Fastmarkets' research team...