04.23.2024
Rising BOHO spread spurs RIN values higher
Despite the move higher, D4 RINs are down 2% in value from the previous week. RIN prices are receiving support from the rising bean oil/heating oil (BOHO) spread, which...
Hog slaughter finished last week at an estimated 2.098 million head, down 11 percent relative to a year ago and up 18 percent compared to the week prior. Production is expected to increase over the next six weeks, averaging 2.225 million head. While production increases relative to April and early May are anticipated, the longer term outlook is for numbers to trend below 2019 levels. The increased…