RIN Markets Continue to Drag Fat Prices Lower

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RIN Markets Continue to Drag Fat Prices Lower

Alexandra Watts | 10.10.2023

There were big drops in the animal fats, distiller’s corn oil (DCO) and used cooking oil (UCO) markets today as the prices continue to be pulled down by a plummeting RINs market. Sources indicated that D4 RINS traded as low as 74 cts today before rebounding this afternoon. At 74 cts for a 2023 D4 RIN, values are off 45 percent from four weeks ago and the per pound of feedstock equivalent of the drop is 11.75 – 12 cts/lb at 1.5 times the...

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Feathermeal Exports Diminish, Creating Unsettled Tones

Feathermeal Exports Diminish, Creating Unsettled Tones

Values on the animal proteins market have remained mostly rangebound for the start of the week. Values were higher...

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Soybean Crush Report Shows Ongoing Slump in Soybean Meal Price

Soybean Crush Report Shows Ongoing Slump in Soybean Meal Price

Sources reported trades on corn gluten products today with prices remaining within the current range. However, market participants have...

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Incoming Leather Orders Spur Hide Demand

Incoming Leather Orders Spur Hide Demand

Hide trading was minimal today following an active weekend. The one trade reported today was for heavy Texas Steers...

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Soy Oil Basis Shifts Lower on Demand Concerns

Soy Oil Basis Shifts Lower on Demand Concerns

Despite tight supply, basis levels on Gulf crude-degummed and central Illinois refined, bleached, and deoderized (RBD) soybean oil peeled a...

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Global Demand for Organic Feed Expanding

Global Demand for Organic Feed Expanding

Global demand for organic feed grains is growing reliably based on emerging...

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Dual Crop Headaches

Dual Crop Headaches

Dual crop hemp grown for bast fiber and grain presents challenges to...

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Crude Glycerin Price Edges Higher as Biodiesel Production Stalls

Crude Glycerin Price Edges Higher as Biodiesel Production Stalls

Crude glycerin prices are firming this week according to marketplace participants. The economic slowdown that has plagued China has...

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RIN Prices Pressure Fats Lower

RIN Prices Pressure Fats Lower

Three cars of choice white grease (CWG) traded down to 61 cts/lb Chicago today. Trading was also done lower...

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