US renewable diesel major Diamond Green Diesel (DGD), a 50:50 joint venture between Valero Energy and Darling Ingredients, reported on Thursday July 25 a continued weakening in operating income and margins during the second quarter of 2024.
But the company foresaw a better economic environment during the second half of the year.
The outlook improved because feedstock costs were thought to have bottomed out.
“We remain very optimistic, because we have seen fat prices begin to improve, which should be reflected in our third- and fourth-quarter earnings,” Randall Stuewe, chairman and chief executive officer of Darling Ingredients, said.
Second-quarter results showed renewable diesel operating income of $112 million, down by $78 million from January-March this year and down by $328 million from the second quarter of 2023.
…
02.04.2025
Chicago, Gulf animal fats and oils markets strengthen despite ongoing uncertainty
The US animal fats and oils markets were stable to higher on Tuesday February 4, as Chicago market activity saw a notable uptick throughout the day.
Six railcars...
02.04.2025
Light trade volume leaves most US animal protein prices flat
Light trade volume was reported in the US animal proteins markets for Tuesday February 4.
Ruminant meat and bonemeal, Missouri River, was reported as steady from Monday February...
02.04.2025
December US soybean crush, corn consumption up month on month
US soybean crush above monthly, yearly levels
Soybeans crushed for crude oil totaled 218 million bushels in December 2024, up by 7% from November and by 4% from...