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 trading was steady this afternoon with trading reported at the top end of the range, $285 FOB Mo. River and Panhandle. Trading in the AL/GA and Eastern market was higher, $345.
Porcine trading was reported higher, $300 – 350 Mo. River and $310 – 350 FOB Eastern IA/IL. Sources have commented that product is tight and buyers are paying up by big stretches in order to secure material.
Feather meal action was sideways again today. Feed grade…