Narrowing Margins Impact Bottom Line

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Narrowing Margins Impact Bottom Line

Alexandra Watts | 02.08.2024

Neste, the world’s largest producer of renewable diesel and jet fuel, reported fourth quarter earnings below market expectations and provided a 2024 outlook, indicating sales margins would fall below the 2023 average of $863 per ton.

Fourth-quarter 2023 renewable products comparable sales margin increased 7.7 percent to $813 per ton, up from $755/ton in the ...

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Trading Remains Thin in Animal Fats, Oils

Trading Remains Thin in Animal Fats, Oils

**Please note – Ryan Standard will be out of the office until Tuesday, Jan 2nd. In his absence, please...

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WASDE Release Lowers Total Production Out Front

WASDE Release Lowers Total Production Out Front

Limited trade was indicated on the animal proteins market for Thursday as most expect market variations following the USDA...

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International Animal Fats and Oils 08.02.24

International Animal Fats and Oils 08.02.24

In Europe, used cooking oil (UCO) traded at €925/mt CIF Amsterdam, Rotterdam, Antwerp (ARA) for delivery in ISO tanks....

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WASDE Shows Higher Ending Stocks for Corn, Soybean, and Wheat

WASDE Shows Higher Ending Stocks for Corn, Soybean, and Wheat

Most CME grain prices were lower on Thursday. The only grain that increased was March soybeans, which jumped $0.045...

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Hide Export Sales Suffer a Sharp Decline

Hide Export Sales Suffer a Sharp Decline

In Thursday's market, sources reported consistent prices for Heavy Native Steers (HNS), Butt Branded Steer (BBS), and Colorado Branded...

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Weak Hide Demand Hits Automotive, Footwear Tanners

Weak Hide Demand Hits Automotive, Footwear Tanners

Argentina

February 8

Slaughter runs at normal levels.
Good quality Buenos Aires wet salted heavy steers are...

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Soybean Oil Prices Rally despite Uneventful WASDE

Soybean Oil Prices Rally despite Uneventful WASDE

U.S. soybean oil futures rallied ahead of the closing bell today, thanks to a spike in global crude oil...

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International Animal Proteins 08.02.24

International Animal Proteins 08.02.24

Most values on the international front were rangebound due to holiday time off, including Waitangi Day and the Chinese...

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01.02.2025

Biofuel producers use record levels of vegetable oils in October; capacity holds steady: EIA

Biofuel producers use record levels of vegetable oils in October; capacity holds steady: EIA

US biodiesel and renewable diesel (RD) producers used a record 2.1 billion lb of vegetable oils in October as overall capacity remained unchanged.

US biomass-based diesel (BBD) capacity...

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01.02.2025

US fat markets start year on active note; DCO, ethanol production up on week

US fat markets start year on active note; DCO, ethanol production up on week

The US animal fats and oils markets kicked off the new year with notable activity on Thursday January 2.

Most of the activity was yet again concentrated in...

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01.02.2025

Brazilian tallow market remains quiet following New Year holiday

Brazilian tallow market remains quiet following New Year holiday

The price for bleachable fancy tallow (BFT) max 3.5% free fatty acids (FFA), CIF São Paulo, inclusive of 12% tax, was unchanged at 6.20-6.30 Reais ($1-1.02) per kg in...

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