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Darling Ingredients says the new 45Z low-carbon fuel tax credit is already boosting demand for its animal fats and feedstocks. Guidance issued under the prior administration excluded canola-based and imported used cooking oil fuels.
Darling expects animal fat prices to improve.
Stronger demand for animal fats as biofuel feedstock could tighten tallow supply available for feed and support rendered fat prices.
argusmedia.comCole MartinMar 25, 2024After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
