Heating Oil prices tested resistance following a stronger than expected draw in crude oil inventories and a robust beat on industrial product, but was unable gain traction, and eventually moved lower. According to the Federal Reserve U.S. industrial production beat estimates with a 0.3% June rise, after a net upward revision in the index levels since March that trimmed the size of the industrial production downturn in the…
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...