05.09.2025
Sausage casings bulletin, May 9, 2025
Runner market commentary
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The cash market for soybean oil and other feedstocks remained sluggish on Thursday, as participants attempt to gauge upcoming demand during the first and second quarters of 2024, particularly from the biofuels sector.
Diminished biofuel consumption of low CI feedstocks has been leaning on basis levels and values. However, many participants expect that the startup of new renewable diesel (RD) plants in the coming months should lift consumption and be supportive for prices.
Soybean oil futures in Chicago were down today, as traders booked profits following gains earlier in the week. Also tracking weakness in crude oil prices, December delivery soybean oil futures ended at 52.29 cents points per pound today, down 34 basis points per pound, or 0.7 percent. January bean oil futures finished at 52.26 cents per pound, down 38 basis points per pound, or 0.7 percent as well.
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