Last week, EPA released the final required volume obligations (RVOs) for 2023 through 2025; below is a summary of the final volumes compared to the proposed volumes published by EPA in December 2022. In short, 2023 volumes were mostly bumped up while 2024 and 2025 were mostly trimmed – except for biomass-based diesel. The 2023 RVO for biomass-based diesel remained the same as the proposal but is up a little more than 2 percent above the 2022 RVO; the 2024 RVO is up 5 percent over the proposal and the 2025 is up more than 13 percent over the proposed RVO. However, the industry believes EPA undershot new capacity coming online which could have a ripple effect of further delaying new renewable diesel expansion.
In striki...
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...