The MBM market into China was steady with sources reporting that activity was lessening by the day ahead of the CNY holiday. Indonesia was reported at a flat $450 CIF. Concerns over soybean production in South America and lower USDA projections have helped steer the CME March SBM contract up 11.5% over the last week. Buyers have taken note and have been more willing to pay the higher asking prices. US sellers are in a better position as well, which…
11.18.2024
EIA reduces US biomass-based diesel consumption forecast for 2024, 2025
The US Energy Information Administration’s (EIA) monthly Short-Term Energy Outlook (STEO) released on Wednesday November 13, reduced its 2024 and 2025 forecasts for the consumption biomass-based diesel (BBD). The...
11.18.2024
UCO prices rise to start week; December cattle slaughter expected to decline
Used cooking oil (UCO) prices edged higher in the US Gulf Coast on Monday November 18, amid an otherwise quiet start to the week...
11.18.2024
Missouri River, Texas Panhandle ruminant bloodmeal prices higher on active demand
US animal proteins were steady to higher on Monday November 18.
Bloodmeal demand was indicated as active by market sources, although some buyer hesitancy was reported. Ruminant bloodmeal...