Diamond Green SAF Project Completion Expected in 2025

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Diamond Green SAF Project Completion Expected in 2025

 
Valero Earnings Beat Wall Street, Impressive Quarter for DGD

Valero Energy earnings beat Wall Street analyst estimates for the Q2 2023 by posting a $5.40 per share profit, beating the average analysts’ estimate of $5.08. Revenue plummeted to $34.5 billion, falling below analysts’ expectations of $34.82 billion. Revenue was well below the $51.6 billion posted for Q2 2022.

One of the larger surprises to come from the Q2 report was how well the renewable diesel segment performed. Valero’s...

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Negative Fundamental Pressure Stacking up in Animal Fat Market

Negative Fundamental Pressure Stacking up in Animal Fat Market

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September soybean oil prices closed the day down 1.15 cts/lb to 65.82 and December futures...

Light Trade Keeps Most Values Flat; Massachusetts Question Three Lawsuit

Light Trade Keeps Most Values Flat; Massachusetts Question Three Lawsuit

Animal proteins were reported as flat for the day on accounts of light trade. Values reported were within the...

Arbitrage Opportunities Persist into US Renewables Market

Arbitrage Opportunities Persist into US Renewables Market

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The Australian market was flat with last week’s report, but there are indications starting to...

U.S. Grain Export Sales Meet Analyst Expectations

U.S. Grain Export Sales Meet Analyst Expectations

CME grain pricing showed a downward trend today despite concerns over the sweltering heat throughout the Heartland and concerns...

Hide Buyers Active in US Market

Hide Buyers Active in US Market

Bidding activity was strong today from hide buyers for steer and cow hides. Sellers of both, steers and cow...

European Holiday Season, Weaker Euro Slow Hide Market

European Holiday Season, Weaker Euro Slow Hide Market

Argentina

July 27

Slaughter continues at a strong pace.
Good quality Buenos Aires wet...

U.S. Soybean Oil Exports Decline 52 Percent on Week

U.S. Soybean Oil Exports Decline 52 Percent on Week

U.S. soybean oil prices were down sharply on Thursday, as funds continued to liquidate long positions. Forecasts for rain in...

International Animal Proteins 27.07.2023

International Animal Proteins 27.07.2023

Mixed tones were indicated on the animal proteins international front, with poultry by-product pet grade moving up and meat...

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10.30.2024

P66’s renewable segment reports Q3 earnings loss of $116 million

P66’s renewable segment reports Q3 earnings loss of $116 million

On Tuesday October 29, Phillips 66 (P66) reported a third-quarter pre-tax loss of $116 million for its renewable fuels segment. The loss compares unfavorably to the $22 million profit...

10.30.2024

US technical tallow, CWG prices decline; DCO production reaches two-month high

US technical tallow, CWG prices decline; DCO production reaches two-month high

Fifteen railcars of technical-grade tallow traded lower on Wednesday October 30 at 48 cents per lb on a Chicago basis. Additional deals were discussed throughout the day at even...

10.30.2024

Avian flu hits 142 dairy cattle herds in California in last 30 days

Avian flu hits 142 dairy cattle herds in California in last 30 days

US animal protein prices were steady to lower on Wednesday October 30, with ruminant and porcine products rangebound for the day.

Fastmarkets assessed poultry by-product meal pet food,...

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