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 quiet out of the Midwestern markets, but higher prices were reported into both the AL/GA and Eastern markets. Trading into the East was reported as high as $310 this afternoon.
Blood meal saw higher prices today with ruminant trading as high as $870 FOB Mo. River.
Pet grade poultry meal was reported lower out of the Midwestern market, $650 – 700 FOB.
Trading into both…