The US animal fats and oils markets held mostly steady on Wednesday February 26 as sentiment softened amid expectations that prices may have little room left to move higher, sources told Fastmarkets.

Weaker energy markets and lower RINs weighed on activity, with 2025 biodiesel RIN prices falling over 5 cents to 80 cents per RIN. Sources noted that this could start to pressure feedstock demand for waste fats and oils as lower RIN values make biodiesel less competitive.

Meanwhile, the Energy Information Administration’s (EIA) Weekly Petroleum Status Report released on Wednesday showed an unexpected build in ethanol stocks, which climbed 1.35 million barrels to 27.571 million barrels, while ethanol production for the week ending February 21 remained relatively flat at 1.081 million barrels per day.

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