The US biofuel industry consumed 1.81 billion lb of vegetable oil as a feedstock during May, up by 2.5% from April and by 2.3% from the 1.77 billion lb consumed in May 2023, according to data released on Friday July 31 by the US Energy Information Administration (EIA).
Total feedstock consumption reached 2.88 billion lb, down by 6% from April, and vegetable oils accounted for 63% of the total.
The decrease was largely caused by a 27% month-on-month decline in yellow grease consumption. Canola oil consumption rose by 10% on the month, attributable to renewable diesel plant consumption. Soybean oil consumption was nearly stable in May, with biodiesel plants using slightly more and renewable diesel plants using less.
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09.17.2024
US glycerin prices rangebound amid market uncertainty
The US glycerin market remained rangebound in the week to Tuesday September 17, with prices for 80% crude and kosher crude glycerin steady to slightly higher. Biodiesel producers are...
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US animal fats and oils mostly stable; CWG edges higher on strong demand
The US animal fats and oils markets were stable to slightly higher on Tuesday September 17, with minimal trading as some sources cited “well-covered” positions for the month.
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US porcine, ruminant bloodmeal prices fall; USDA slightly raises forecast for GCAU count in 2024/25 [corrected]
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