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.
End of month pet food demand stepped in and helped push prices higher out of the Mo. River market, trading into the pet food sector was reported $260 – 285 FOB. Non-pet sales were lower, particularly into the blend sector which was reported anywhere from $235 – 245 FOB Panhandle and Mo. River.
Porcine trading was quiet this afternoon, but sources indicated that the market is steady. Poultry products were reported the same, very steady with strong interest…