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Blog

Strong crack spread raises blending demand for renewable fuels

Alexandra Watts | 05.31.2024

The oil industry has been seeing strong crack spreads recently, which means that the spread between oil prices and refined product prices is currently wide, Fastmarkets heard on Friday May 31.

Crack spreads are a method used by oil refiners to estimate the profitability in the petroleum market.

Refiners have been reported to be ramping production higher to take advantage of the profitable spread. This has been good for biodiesel and renewab...

Animal fats, oils prices extend higher for another week

Please note: The animal fats bulletin will close trade at noon CT on Fridays. The early close will remain...

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May animal protein monthly averages lower from April; CBOT soybean meal higher

Please Note – The Animal Proteins bulletin will close trade at noon US Central Time on Fridays. The early...

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Sausage Casings Bulletin May 31, 2024

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US soymeal export sales rise 83% to 265,500 tonnes; exports climb

Chicago Mercantile Exchange grain prices mostly fell on Friday May 31. The July CME soymeal futures contract showed the...

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Steer hide sellers concede on softer prices; PCE grows 0.2% in April

Please note: Summer Friday publication hours are in effect as of Friday May 31. Fastmarkets will be implementing summer Friday...

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Vegetable oil demand from biofuel sector rebounds in March

The US biofuel sector's use of vegetable oil as a feedstock rebounded in March, according to data released by the...

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US distiller’s corn oil production continues to increase

The US animal fat and waste market was substantially quieter on Thursday May 30, with most prices unchanged. The...

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US animal proteins’ relative pricing to soybean meal expected lower on May averages

US animal protein values remained steady for Thursday May 30, with the exception of bloodmeal, which remains under pressure.
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