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 ruminant market was quiet today with the only action reported coming from the Panhandle market. Trading was lower, $265 – 285, but most were calling the market $285 +.
Porcine trading was reported steady out of the Mo. River market, but trading in the Carolinas was done at high as $360.
Porcine bloodmeal was done as low as $750 FOB Mo. River for ruminant material. Trading for blood in the Eastern market was done $810 – 825.
Feather meal…