In 2022, renewable diesel (RD) utilization (based on product supplied) surpassed biodiesel (BD) use. For Q1 of 2023, RD has extended the gap. This is not surprising given the rapid expansion of RD capacity in the past couple of years.
What also was expected, but perhaps still slightly surprising when looking deeper, is the regional growth in RD demand. With the growth of RD, in 2022 petroleum diesel consumption in the western U.S. (California, Oregon, Washington, Arizona, and Nevada) was its lowest since 2002, and is trending lower as RD use expands. For the first four months of 2023, petroleum diesel use in the west has continued to decline. Note, this region has California’s Low Carbon Fuel Standard, and Oregon’s and Washin...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
