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.
The hide market last week traded mostly steady with activity and volume mixed from fair to good depending on supplier, and a bump in trader buying. Price on big packer HTS ranged from $48 to $52 with brands and CBS at or close, BBS were from $56 to $57 and HNS was at $61 FOB plant. The Jacobsen Hide Index closed down $1.03 Friday from a week ago at $50.31. A few cow suppliers report cow hides were stable with plumb and dairy cows trading…