04.23.2024
Rising BOHO spread spurs RIN values higher
Despite the move higher, D4 RINs are down 2% in value from the previous week. RIN prices are receiving support from the rising bean oil/heating oil (BOHO) spread, which...
Market Activity
Trading in the MBM market was fairly quiet this afternoon. Trading was done out of the Panhandle market at $347 – 357 and into the Eastern market as high as $445. Porcine trading was done in good volume out of the Eastern IA/IL market at $375, down $15 from the last reported level. Mo. River trading was done $360 – 380. Strong hog slaughter continues to keep the porcine sellers well supplied with material. A $360 porcine market may pressure the ruminant market later…