04.26.2024
P66 Rodeo to begin producing SAF in Q3
Phillips 66 brought its long-awaited Rodeo Renewable Energy Complex online during the first quarter of 2024, but it is not producing sustainable aviation fuel (SAF) yet, the company said...
The US hide market had limited price changes today. At this time, the jumbo weight category is popular among sellers as hides are becoming heavier. Packers continued to be well sold into December. Jumbo Heavy Native Steers (HNS-J) saw a $0.50 decrease while jumbo Butt Branded Steers (BBS-J) remain unchanged.
Producer Price Index Crude Petroleum & Synthetic Fibers
The Federal Reserve Economic Data (FRED) released their October 2020 figures for the crude petroleum and synthetic fibers Producer Price Indices (PPI) posting an increase of 14 percent for crude petroleum and a decrease of less than 1 percent for synthetic fibers from the prior month. Since January 2015, the crude petroleum index has fallen 11 percent whereas synthetic fibers have gained 1 percent. However, these commodities have seen dramatic fluctuations over the five years due to factors such as the consistent oil demand but oversupply, the COVID-19 pandemic and the…