11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
The market was very quiet today with only limited trading reported. Porcine MBM traded at $385 – 405 this afternoon. A single load of porcine blood traded at $870 Midwest.
Sellers continue to report tough conditions in the blood market for both ruminant and porcine. Strong hog kills are keeping porcine sellers well stocked with material.
Figure 1.
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