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 traded steady out of the Mo. River market today with nine loads reported at $235. Trading elsewhere was quiet to wrap up the week with most looking ahead at next week.
Broiler slaughter is continuing along at a strong pace this year, up 1% compared to a year ago. The export market has been the major driver of price this year, pushing big volume out of the interior market. If those exports slow, whether by demand or perhaps increased…