A day after seeing crude oil prices close below $37 for the first time since early 2009, crude dropped another $1 per barrel, closing at $35.62. Prices are now flirting with the January 2009 low of $33.20. Prices were only briefly at that level. One would have to look all the way back to 2004 to see prices trading in this range. Heating oil prices are also flirting with 2009 lows that have not been seen since 2004. HO followed crude’s collapse,…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...