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 blood meal trading was done at $850, four cars out of the panhandle and one out of the Mo. River this afternoon. Trucks were reported as low as $800 out of the Mo. River.
Trading outside of the blood meal market was very quiet.
Weekly Review
Both ruminant and porcine MBM prices improved last week. The weekly average for porcine MBM was up $5 while the ruminant average was up $10. Sources have reported that the…