The Energy Information Administration’s (EIA) Biodiesel Production Report showed 151 million gallons of US biodiesel produced from 1.15 billion pounds of feedstock in March. Biodiesel production and feedstock use jumped 14 percent from February and was seven percent above March 2019 production. The ratio of feedstock used per gallon of biodiesel produced, declined to 7.61pounds.
According to the EIA, production came from 90 biodiesel plants, unchanged from last month, with a capacity to generate 2.5 billion gallons. This indicates that production, as a percent of capacity was 72.4 percent. Monthly domestic production capacity, per the EIA is 208.7 million gallons.
The industry’s most widely used feedstock continues to be soybean oil. Soybean oil use accounted for 57 percent of the feedstock total, unchanged from last month. The other top feedstocks consumed…
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Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...