** Amanda will be out of the office until Friday December 8 **
The price of feedstock is the largest expense facing biofuel producers and rising feedstock costs are having an impact. Soybean oil has been the most widely consumed feedstock, but canola oil demand has been on the rise due to a pathway creation into renewable diesel production. This has made it an increasingly popular feedstock for 2023.
Producers of biodiesel and renewable diesel consumed 9.1 billion pounds of soybean oil in 2021, 10.5 billion pounds in 2022, and are projected to use up to 13 billion pounds in 2023. Total feedstock consumption increased 21 percent in 2022 to 22.4 billion pounds and could rise 40 percent in 2023, to over 30 billion pounds.
…
04.30.2024
Biofuel feedstock demand rises while capacity declines: EIA
EIA Biofuels Capacity and Feedstock Update
The Energy Information Administration’s (EIA) Monthly Biofuels Capacity and Feedstocks Update, released on Tuesday April 30, showed that operable US biofuel capacity declined...
04.30.2024
Chicago edible tallow trades lower
The edible tallow price fell to 52 cents per lb Chicago basis on the afternoon of Tuesday April 30. Tallow trading was quiet outside of the edible tallow market.
04.30.2024
April animal protein values mixed month on month
US animal proteins prices were mostly steady on Tuesday April 30. Limited trade was again reported, with multiple market participants attending the Petfood Forum in Kansas City, Missouri, held...