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.
This week’s hide market concluded slightly lower with steers down up to $1 and cow hides down by $1 or more. There seemed to be a fair amount of bids although many were for lower money and interest was spotted depending on hide type and quality. As the market has been for some time, the better products commanded more interest while lower grades were hard to sell. There was an increase in the amount of heavy native steer hides, causing much of…