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 higher out of the Illinois markets as well as the Texas Panhandle. Trading out of the Mo. River was quiet, but sources suggested prices will move higher this week. Porcine trading was sideways out of the Midwest and Eastern market.
Feather meal trading was reported sideways out of the Delmarva, Carolinas and Mid South markets. Pet grade poultry meal did trade lower out of the Mid South, $575 – 625. Sources have reported seasonal slow…