**Please note – Ryan Standard was out of the office today.**
The market was quiet on Thursday, with few price changes reported. Participants continued to point to diminished demand from the biofuel sector. Trading has been limited by weakness in soybean oil, as well as diesel and renewable identification number (RIN) markets.
The use of fats, oils and greases (FOGs) in biofuel production totaled 1.147 billion pounds in November 2023, down three percent on the month to a four-month low, according to the U.S. EIA’s latest Monthly Biofuels Capacity and Feedstocks Update released on January 31.
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11.11.2024
Falling biodiesel margins lead to expectations for higher RINs, lower feedstock cost
Biodiesel margins continued to fall during the week ending Friday November 8, with rising feedstock cost pushing the soybean oil/heating oil (BOHO) spread to its highest level in more...
11.11.2024
DCO starts the week higher; hog slaughter increases slightly
Distillers’ corn oil (DCO) traded higher out of the FOB Midwest markets on Monday November 11 in what was otherwise a quiet market to start the week.
A...
11.11.2024
US cattle slaughter continues to fall behind 2023 levels
Trading was quiet in the US animal protein market on Monday November 11, with no price changes reported.
Cattle slaughter
Fastmarkets’ research team forecasts cattle slaughter at 625,000...