Biodiesel Bulletin

Biodiesel Bulletin

 

USO Tumbles to Fresh Lows as Oil Continues to Slide

Oil prices continue to move lower as the new trading year gets underway, with benchmark WTI crude oil pushes through support at $53 per barrel.  The next target for crude oil will likely be the 2007 lows at $49 per barrel.  Although it is unlikely that prices will test the 2010 lows at $35 per barrel, volatility remains elevated which could propel negative momentum.

The oil price drop will have a…

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05.06.2024

Strong biodiesel production seen weighing on crude glycerin prices

Strong biodiesel production seen weighing on crude glycerin prices

The whispers of declining biodiesel production are meeting with resistance. Some observers have been sounding the alarm regarding declining production for over a year now, but if true, biodiesel...

05.06.2024

Average weekly hog slaughter to decrease into mid-June: Fastmarkets’ research team

Average weekly hog slaughter to decrease into mid-June: Fastmarkets’ research team

Distillers’ corn oil (DCO) prices fell to 42-43.5 cents per lb delivered US Gulf on Monday May 6 for May-June shipments. There was additional trading reported on the same...

05.06.2024

Year-to-date commercial cattle production falls 2.30% y-o-y

Year-to-date commercial cattle production falls 2.30% y-o-y

US animal proteins prices were steady on Monday May 6. Limited trade was reported, with several market participants only testing prices, Fastmarkets heard.

US hog slaughter
Fastmarkets research...

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