LCFS credit volume hit an all-time high during the first full week in October. Weekly volume of 1,338,348 was 116 percent over the prior week and 199 percent over the 2021 weekly average of 447,855. Fourth quarter volume is 140 percent above third quarter volume and 201 percent over Q4 of 2020. There were 151 transactions during the week, up from 51 the week before. The weighted average price paid per credit increased $2.40 to $182.42. Of the 151 transactions posted, Type 1 transfers totaled 128,970 credits and Type 2 transfers accounted for 1,209,378 credits. Type 1 transfers accounted for 19 percent of the transactions and 10 percent of the volume.
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 provide a more accurate indication of market conditions and price direction…
05.13.2024
US glycerin prices mostly steady amid increasing biodiesel production
Glycerin prices in the US were steady to slightly lower on Monday May 13. US biodiesel production has been increasing, boosting the supply of glycerin — a co-product of...
05.13.2024
Weekly cattle slaughter forecast to remain below 2023 levels into June
US cattle slaughter
Fastmarkets research team forecast cattle slaughter at 630,000 head in the week to Saturday May 18, down by 1.61% compared with the same period in 2023.
05.13.2024
Six-week hog slaughter forecast to be flat or up from 2023
US hog slaughter
Fastmarkets research team forecast hog slaughter at 2.425 million head in the week to Saturday May 18, up by 0.75% from the same period in 2023.