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...
Market sentiment was negative today when considering the weak hide demand from automotive and footwear hide tanners. Tanners in these leather sectors were interested in buying material but were firm on paying lower or steady to last traded price levels.
A trader sold regular-weight Colorado Branded Steer (CBS) hides steady to their last traded level of $20/piece. He mentioned the material was sold in the regular-weight category but will ship much heavier because of the way hides are being fleshed during the winter. The packed-on snow and manure on the hide makes fleshing more difficult. Winter weight hides will ship at higher weights which increases freight rates.
…