Trading was sharply lower again today despite what seems to be a stabilization in the RIN markets and trading at higher prices in the soybean oil futures market. December soybean oil futures traded higher after today’s WASDE report showed bigger than expected cuts to soybean stocks as well as lower than expected yields. RIN values were reported higher today on some vintages, but nearby feedstock/fat demand remains a big issue and the biofuel producers who are active in the market are looking for further cuts to feedstock values. Sellers looking to move material into the feed sector are competing with cash corn values that put fat in the mid-30 cts/lb range at 400 percent of the price of corn.
…
09.19.2024
SAF roadmap, collaborations announced at Bali International Airshow
At the event, coordinating minister for maritime affairs and investment Luhut Binsar Pandjaitan said he would call on Indonesian state-owned oil and gas company Pertamina to collaborate with airlines...
09.19.2024
US Gulf UCO prices edge higher; feedstock costs, REG Geismar fire create uncertainty, sources say
The US animal fats and oils markets — apart from used cooking oil (UCO) — were stable on Thursday September 19, with attention shifting toward broader macroeconomic trends.
09.19.2024
Animal protein prices steady; August cattle, hog slaughter down
US animal proteins were rangebound on Thursday September 19.
August commercial cattle, hog slaughter
Commercial cattle slaughter for August was at 2.66 million head, based on the USDA’s...