The EPA published the 2020 Required Volume Obligations (RVOs) for ethanol and biodiesel in today’s Federal Register, an unusually long lag after publically releasing the pre-publication announcement on 5 July. It will hold a public stakeholder hearing this Wednesday on the RVOs in Ypsilanti, Michigan and then accept public comments on the proposal for the next 30 days (through 30 August). That deadline lines up with the end of the summer driving season, which typically has high demand for motor fuel. So far this summer, finished motor gasoline demand is down 0.03 percent from last year, but that is no different from the rest of the year to date. Ethanol blending, however, is up 0.7 percent.
The increase is blending is the good new...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...