The US animal fats and oils markets held mostly steady on Wednesday February 26 as sentiment softened amid expectations that prices may have little room left to move higher, sources told Fastmarkets.
Weaker energy markets and lower RINs weighed on activity, with 2025 biodiesel RIN prices falling over 5 cents to 80 cents per RIN. Sources noted that this could start to pressure feedstock demand for waste fats and oils as lower RIN values make biodiesel less competitive.
Meanwhile, the Energy Information Administration’s (EIA) Weekly Petroleum Status Report released on Wednesday showed an unexpected build in ethanol stocks, which climbed 1.35 million barrels to 27.571 million barrels, while ethanol production for the week ending February 21 remained relatively flat at 1.081 million barrels per day.
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02.26.2025
US animal fats and oils prices steady as weaker RINs, energy markets weigh on sentiment
The US animal fats and oils markets held mostly steady on Wednesday February 26 as sentiment softened amid expectations that prices may have little room left to move higher,...
02.26.2025
Single species MBM prices rise; mixed species MBM continues to lag
Porcine meat and bone meal (MBM) prices were higher on Wednesday February 26, trading up to $280 per ton FOB Missouri River and Eastern Iowa/Illinois.
Sources reported that...
02.26.2025
US weekly ethanol production drops; stocks hit 4-year high
US weekly average ethanol production decreased to 1.081 million barrels per day in the week to February 21, according to the US Energy Information Administration (EIA) report released on...