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 higher out of the Panhandle today, topping out at $313 FOB. Mo. River action was steady with the previous high of $325. Porcine trading was quiet.
Blood meal was active today with ruminant trading off out of the Mo. River, but higher ex Panhandle. Rail availability remains heavy, hence the $750 number in the Mo. River market. Porcine trading was lower as well, topping out at $850 FOB today.
Pet grade poultry meal was reported…