The Energy Information Administration’s (EIA) Biodiesel Production Report revealed 147 million gallons of US biodiesel produced from 1.11 billion pounds of feedstock in May. Biodiesel production increased 2.8 percent over April while feedstock consumption was 3.6 percent higher. May biodiesel production was 4.6 percent over May of 2019. The ratio of feedstock used per gallon of biodiesel produced, expanded from 7.48 pounds to 7.54 pounds per gallon.
According to the EIA, production came from 89 biodiesel plants, down one plant from last month, with a capacity to generate 2.45 billion gallons. This indicates that production, as a percent of capacity was 72 percent. Monthly domestic production capacity, per the EIA is 204.5 million gallons.
The industry’s most widely used feedstock remains soybean oil. Soybean oil use reached an all-time high of 778 million…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...