Early indications this week have glycerin prices holding steady from last week’s levels. Crude glycerin values continue to hold in the 7.5 to 10 cents per pound level, while reports continue to show kosher crude values receiving a small premium to crude. Market participants surveyed were worried about biodiesel margins moving into the second quarter and beyond.
Producers using soybean oil as a feedstock received a small boost in margins as soybean oil prices declined 72 points to 48.7 cents per pound and ULSD prices edged higher, pushing the bean oil/heating oil (BOHO) spread lower. A declining BOHO takes some pressure of production economics and can lead to lower RIN prices.
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07.26.2024
US Court of Appeals sends SRE decision back to EPA; soyoil prices tumble on potentially lower biofuel demand
On Friday July 26, the US Court of Appeals vacated at least some of the blanket small refinery exemption (SRE) denials made by the Environmental Protection Agency (EPA) in...
07.26.2024
Animal fats and oils trade freezes following soybean oil market drop on SRE report
Trading in the animal fats and oils market was quiet on Friday July 26; the California yellow grease market the only one to rise, with prices up to 31-32...
07.26.2024
Porcine bloodmeal, Missouri River, moves higher week on week; June commercial cattle, hog slaughter
US animal protein prices were highly mixed in the week to Friday July 26, with limited trade on both Thursday July 25 and on Friday. Porcine bloodmeal was the...