The closing numbers
The bean oil/heating oil spread fluctuated between 63 and 69 cents during the week, but after all was said and done, it settled at 66 cents per gallon, unchanged. While the BOHO stayed in a narrow range, soybean oil and heating oil futures were a bit more volatile. Soybean oil gained 74 ticks to 33.69 cents per pound for December. …
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...