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Blog

Strong BBD blending offsets rising blending requirements in October STEO

Alexandra Watts | 10.10.2024

The total amount of petroleum fuel consumption projected for 2024 is above the estimates used when the final rule for the Renewable Fuel Standard (RFS) was put into place in June 2023, according to the US Energy Information Administration’s (EIA) October Short-Term Energy Outlook (STEO), released on Tuesday October 8.

The total amount of petroleum gasoline and diesel, less renewables, was originally estimated at 172.34 billion gallons. The EIA’s October STEO projection is 174.41 billion. The percentage standard set for total...

CWG falls, DCO rises in mixed US animal fats and oils markets amid ongoing uncertainty

Price movements in the US animal fats market were mixed on Thursday October 10, though reported trade activity remained...

Porcine, ruminant bloodmeal under price pressure

Underlying pressure on US animal proteins continued to be reported to Fastmarkets on Thursday October 10, though price adjustments...

EU UCO prices increase on futures volatility; animal fats trade slows in Q4

Brent crude oil and gasoil futures on the Intercontinental Exchange (ICE) showed high volatility in the week to Thursday...

US weekly corn, soybean export sales plunge, reaching low end of estimates

Corn
US corn sales for 2024/25 were reported at 1.22 million tonnes in the week to October 3, down...

Strong cow hide demand from upholstery tanners

Several hide market participants said that cow hide demand was strong on Thursday October 10, driven by upholstery tanners,...

UK hide demand remains sluggish

United Kingdom
Hide market participants reported that the market continued to be sluggish in Europe and Asia in the...

US soybean oil cash basis levels remain depressed through end of year: sources

The cash vegetable oil market remained sluggish heading into the second half of October. Soybean oil basis indications were...

International animal proteins steady to lower for week to October 10, 2024

Prices in the international animal proteins market were steady to lower in the week to Thursday October 10.

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Blog

11.22.2024

Biodiesel margins rise, but window of opportunity limited

Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.

11.22.2024

Gulf prices average higher despite weeklong declines in SBO

For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...

11.22.2024

Bloodmeal largest price mover week on week; November cattle on feed higher

US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...

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