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 cents per lb FOB for the Los Angeles and San Francisco markets.
Trading is typically slow on Fridays, especially in the summer months, but the trading in these typically quiet markets were halted due to reports from industry sources that a Washington Circuit Court has vacated some of the Environmental Protection Agency’s blanket denial of 2022 small refinery exemptions.
Sources said the news was the reason for soybean oil futures prices on the Chicago Board of Trade plummeting on Friday.
The news combined with the lower soybean oil prices pushed buyers out of the market while they wait for further news and confirmation of the decision.
Choice white grease (CWG) FOB Missouri River averaged 46.05 cents per lb in the week to Friday, up by 1.8% week on week.
…
10.17.2024
US DOE to guarantee nearly $3 billion in SAF loans to Gevo, Montana Renewables
The US Department of Energy’s Loan Programs Office announced on Wednesday October 16 conditional commitments for up to $2.9 billion in loans for two sustainable aviation fuel (SAF) producers.
10.17.2024
US fats and oils markets quiet amid industry event; DCO production up
The US animal fats and oils markets were quiet on Thursday October 17, with the majority of participants attending the American Fats and Oils Association (AFOA) event in Nashville.
The...
10.17.2024
US animal proteins market steady on October 17
US animal protein prices were steady on Thursday October 17, with market participants indicating a slow day for trading.
September USDA Feed Outlook
Grain consuming animal units (GCAUs)...