**Note – Amanda Luhavalja will be out of the office until Thursday March 21
Rising renewable diesel (RD) capacity has been actively supporting crush margins and soybean oil futures over the past couple of years. RD capacity has grown 263 percent since January 2022. Some of the growth has come at the expense of biodiesel capacity, which is down eight percent during the same period.
This rapid growth has been having an impact on the agricultural market. The crushing of soybeans has historically been performed to create soybean meal for the animal feed industry. Soybean oil is a co-product of the crush, often considered a lesser valued component than meal, and has been typically processed into soybean oil for the food market.
…
04.30.2024
Biofuel feedstock demand rises while capacity declines: EIA
EIA Biofuels Capacity and Feedstock Update
The Energy Information Administration’s (EIA) Monthly Biofuels Capacity and Feedstocks Update, released on Tuesday April 30, showed that operable US biofuel capacity declined...
04.30.2024
Chicago edible tallow trades lower
The edible tallow price fell to 52 cents per lb Chicago basis on the afternoon of Tuesday April 30. Tallow trading was quiet outside of the edible tallow market.
04.30.2024
April animal protein values mixed month on month
US animal proteins prices were mostly steady on Tuesday April 30. Limited trade was again reported, with multiple market participants attending the Petfood Forum in Kansas City, Missouri, held...