A weaker US dollar, rising crude oil prices, and cold weather throughout much of the Northeast helped to boost heating oil futures. HO futures jumped nearly 10 cents to $1.91 per gallon, their largest single day move since 11/28/14 when prices fell by nineteen cents per gallon. Despite rising soybean oil costs, up 0.26 to 32.01 cents per pound, the rise in HO was enough to send the bean oil/heating spread spiraling lower by 9 cents per…
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...