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...
The US hide suppliers are struggling to hold prices this week with steer hides mostly hanging close to last week’s levels but branded cows sliding closer to the $30 range. There was a fair amount of bids with Asia tanners bidding several dollars below previous levels. Like last week, many bids are being countered but not many counters accepted. The reported USDA export sales today validated early reports that there wasn’t much business…