The monthly EIA biofuels data showed soybean oil consumed for production of US biofuels in June (most recent data available) hit an all-time high of 1.556 bln lbs, an increase of 8.5% from May.
Over the last eight weeks, the price spread between wholesale and retail prices for 70-79% lean ground beef appear to have averaged 89% higher than the 3-year average. What does this imply in the context of beef supply and demand?
All of America watching Euros rave about Waffle House, Chilis apps, buying Combos at a rural gas station, floating the Chattahoochee, and ranch dressing on the internet:
The Grand Champion Junior Market Steer sold for a staggering $1.5 million Saturday at the Houston Livestock Show & Rodeo, smashing the auction’s all-time record.
🔗https://t.co/AhVRvSTEXO
@robdavisjr54 Hey Rob, we bring bring bean imports south from Canada but if coming from the southern hemisphere they go to the east coast - I believe Norfolk.
The EIA released its monthly biofuels capacity and feedstocks update today with data through August. Yellow grease (includes used cooking oil) consumed for biofuels plummeted by 24.3% or 110 mln lbs to 312 mln lbs per month.
@IllimarM Heading into the close, the synthetic market on October feeders was trading -$1.75 under the limit. Tomorrow, we'll trade with an expanded $13.75 daily limit. Buckle up.
🚨BREAKING NEWS!! EPA is granting full exemptions to 63 small refinery hardship petitions, granting partial exemptions to 77 petitions, denying 28 petitions, and determining 7 petitions to be ineligible. #biofuels#RFS
BREAKING: @USDA will invest in building a domestic fly facility in Edinburg, Texas to send out 300 million sterile flies per week in the fight against New World Screwworm. #AgTwitter#NWS