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.
…
09.19.2024
SAF roadmap, collaborations announced at Bali International Airshow
At the event, coordinating minister for maritime affairs and investment Luhut Binsar Pandjaitan said he would call on Indonesian state-owned oil and gas company Pertamina to collaborate with airlines...
09.19.2024
US Gulf UCO prices edge higher; feedstock costs, REG Geismar fire create uncertainty, sources say
The US animal fats and oils markets — apart from used cooking oil (UCO) — were stable on Thursday September 19, with attention shifting toward broader macroeconomic trends.
09.19.2024
Animal protein prices steady; August cattle, hog slaughter down
US animal proteins were rangebound on Thursday September 19.
August commercial cattle, hog slaughter
Commercial cattle slaughter for August was at 2.66 million head, based on the USDA’s...