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.
Ruminant MBM was reported higher out of the Mo. River and Panhandle markets this afternoon, topping out at $250 and $240 respectively. Trading out of the Illinois market was lower, topping out at $255. Sources continue to report pressure in the market, particularly for mixed species material. Pure beef MBM that’s not Indo approved has been consistent in the $230 – 240 window.
Trading in the porcine market was steady this afternoon out of the Mo. River and…