The market was very quiet today with no changes reported. Choice white grease did trade in a steady range out of the Mo. River market. Soybean oil was up marginally on the January contract today, settling at 50.7 cts/lb. December settled at 51.54 cts/lb and March at 50.66 cts/lb. Heating oil was up by 9.62 cts/gal on the December contract. The move higher in hearing oil and soybean oil was partially offset by lower RIN values. However, buyers and sellers are likely more focused on logistics and availability with the Thanksgiving holiday next week.
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12.08.2023
SAF Output Surges, Robust Policies Still Needed to Drive Growth: IATA
**Bob Lane was out of the office today and will return on Monday, December 18, 2023. In his absence, please contact Amanda Luhavalja at [email protected] **
12.08.2023
Fat Market Slides on Heavy Nearby Supply, Cuts in Feed Demand
There was a lot of activity today to close out the week, mostly at lower prices. Negative pressure had been building through the week on heavy nearby supply, and...
12.08.2023
MBM Prices Continue to Fall on Reduced Export Demand
Considerable pressure on meat and bonemeal remained for this week, with ruminant and porcine markets FOB Mo. River weekly averages dropping 9.0 percent and 7.0 percent, respectively. Excess offerings...