The EPA announced a week delay on its RVO announcement, pushing the deadline back to June 21st. There is a lot of speculation that the delay portends an increase in the RVO gallons, but most have suggested the delay is likely due to a heavy influx of comments from the industry and the EPA needed adequate time for due diligence on the market feedback.
Fat prices continued to climb higher today on support from a stronger soybean oil market and tight, nearby supplies of animal fats. Smaller chickens, poor margins for hog and cattle farmers and cyclical downturns in the industry have all contributed to tighter supplies of raw material for the rendering stream.
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05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...