04.26.2024
P66 Rodeo to begin producing SAF in Q3
Phillips 66 brought its long-awaited Rodeo Renewable Energy Complex online during the first quarter of 2024, but it is not producing sustainable aviation fuel (SAF) yet, the company said...
**Please Note — The Jacobsen will be closed Monday, Jan 1 for the New Year.**
Limited trade was reported for the final day of the pre-New Year extended holiday weekend. Participants have indicated focusing on logistics in the near-term and wider ranges on animal proteins out front.
Meat and Bonemeal Year in Review
*Quarterly values for the below analysis were based on the expectation that values will be flat until end of year.*
Meat and bonemeal (MBM), both porcine and ruminant, were generally flat at the start of 2023, with both only showing a $100/st price range, or less, for the first three quarters. This was due to standard demand paired with steady to lower slaughter levels on both proteins.
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