LCFS Credit Volume Down 37% Week Over Week; 54% over 2021 Weekly average
Weekly LCFS credit volume of 821,387 was 37 percent below last week’s volume but 54 percent over the 2021 weekly average of 534,702. Credit volume was the 10th largest weekly total on record, following last week’s record total of 1.31 million. Second quarter volume is 107 percent over first quarter volume (two-week comparison) and 92 percent above Q2 of 2020. The average price paid per credit declined $4.36 to $192.92. Of the 100 transactions during the week, eight percent were type 1 transfers of 67,207 credits and 92 percent were type 2 transfers totaling 754,180. Type 1 transactions are executed within 10 days of an agreement. Type 2 transactions are executed beyond 10 days of a transfer agreement. Type 1 transactions may give a more accurate indication…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...