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 animal protein market was steady to close out the week though unsettled undertones were noted as wide ranges linger, specifically in the meat and bone meal (MBM) and blood meal (BM) markets. Overall, MBM ruminant witnessed a 2.6 percent or $9/ST week-over-week growth while the porcine counterpart was unchanged at an average $453/ST for the week. BM ruminant witnessed modest weakness compared to last week with a 2.9 percent or $29/ST loss while porcine BM again remained flat for the respective period. With the more recent cyber-attack on JBS, a have and have-not market has been noted from some participants for beef as slaughter is still trying to be made up amid seasonally decreased weights and heightened export demand.
Figure 1.