Trading at cash vegetable oil markets has slowed to a crawl. Indications have been under pressure amid a drop in feedstock demand, most notably from the biofuels sector. Renewable diesel (RD) margins have been squeezed, as Renewable Identification Number (RIN) markets have tumbled steadily. Robust biofuel production and RIN generation caused an erosion in RIN prices for most of 2023 and into 2024. This has been keeping downside pressure on most feedstock markets. Now, spot vegetable oil prices are struggling to compete against what have become cheaper-priced fat and low carbon intensity oil values.
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12.27.2024
US RD, SAF supplies remain strong despite declining import volumes
US supplies of sustainable aviation fuel (SAF) fell sharply in November but reached the highest November volume on record, according to data released on Thursday December 26 by the...
12.27.2024
Animal fats and oils end week steady amid holiday-limited trades
The US animal fats and oils markets held steady on Friday December 27, with limited trades persisting due to the holiday season.
Weekly averages were unchanged from the prior week...
12.27.2024
Relative prices of US meat and bonemeal rise amid depressed soybean meal market: 2024 recap
US animal protein prices were steady to lower on Friday December 27. Some participants reported distressed loads in the market late in the afternoon of Thursday December 26 and...