The Renewable Fuel Standard (RFS) was established in 2005 and subsequently expanded in 2007. There continues to be bipartisan support for the program despite severe conflict between the oil and agricultural industries on how best to interpret the program. Over the past few years, the program has operated under extreme duress.
The RFS mandates that US transportation fuels must contain a minimum amount of biofuel. The EPA provides the renewable volume obligations (RVO) on an annual basis. The RVOs are based on statutory requirements for four fuel categories – total renewable fuel, total advanced fuel, biomass-based diesel, and cellulosic biofuel. The total renewable fuel statutory requirement is equal to the sum of total advanced fuel and total conventional fuel. Conventional fuel is not specified in statute but is…
05.06.2024
Strong biodiesel production seen weighing on crude glycerin prices
The whispers of declining biodiesel production are meeting with resistance. Some observers have been sounding the alarm regarding declining production for over a year now, but if true, biodiesel...
05.06.2024
Average weekly hog slaughter to decrease into mid-June: Fastmarkets’ research team
Distillers’ corn oil (DCO) prices fell to 42-43.5 cents per lb delivered US Gulf on Monday May 6 for May-June shipments. There was additional trading reported on the same...
05.06.2024
Year-to-date commercial cattle production falls 2.30% y-o-y
US animal proteins prices were steady on Monday May 6. Limited trade was reported, with several market participants only testing prices, Fastmarkets heard.
US hog slaughter
Fastmarkets research...