05.23.2025
Sausage casings bulletin, May 23, 2025

Runner market commentary
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Crickets… That is how one trader explained the LCFS market today. Marks have been holding steady at roughly $75 and continue to do so despite fairly large volume numbers changing hands week after week. I suppose the cricket description holds for the RINs market as well. B17’s are stuck like glue in the 110 to 113 range. On one hand, there is a lot of biodiesel being produced, more than enough to satisfy the D4 RVO. On…