Key Takeaways:
The EPA has proposed reallocating 770 million RINs associated with Small Refinery Exemptions (SREs), either splitting the volume equally between 2026 and 2027 or assigning the full amount to 2027. The agency granted exemptions covering 1.76 billion RINs for 2025, substantially exceeding its original projection of 990 million RINs. Combined with previously accounted-for volumes, the proposal would bring total reallocation to approximately 1.46 billion RINs, or 83 percent of all exemptions granted, leaving 297 million RINs still not allocated. The timing of the additional obligations could influence RIN prices and biofuel demand, although the decision to reallocate the additional volumes is likely more consequential than which...
USDA released its October Cattle on Feed report Friday, showing 11.4 million cattle in feedlots with capacity for 1,000 head or more, slightly below last year. September placements were the lowest for the month since records began in 1996, marking the third consecutive month of placements sett...
What You Need to Know Today: Crude oil prices extended their rally today, supported by several developments, including escalating Houthi attacks on Saudi Arabian oil infrastructure and growing concerns about supply disruptions. The Trump administration is reportedly preparing to remove 50 perc...
Total Red Meat & Poultry September 2026 total red meat and poultry stocks totaled 1.97 billion pounds, down 1.4 percent from August despite typically increasing 0.8 percent during the month, and were 1.5 percent below September 2025 levels. The decline pushed total inventories to a new five...
