The closing numbers
Heating oil prices slipped nearly two cents per gallon, closing at $1.78. Despite the pressure lower, pricing remains near multi-year highs for HO. Soybean oil moved lower, dropping 37 ticks to 34.19 cents per pound for October delivery. The BOHO spread was able to edge lower on the relative weakness in soybean oil. The BOHO…
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.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...