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.
Friday Early Publication Hours in Effect — Friday’s Trade Reporting Deadline 12 p.m. CST
Friday publication hours are in effect. The deadline for trade reporting will be at 12 p.m. CST with publication of the Hide & Leather Price Guide/Commentary soon after.
USDA Cure Hide and Wet Blue Export Sales Recap
For week ending June 11, export sales for 2020 marketing year decreased 58 percent to 374,893 from 893,022 and shipments increased 14 percent to 593,151 from 519,791. Sales for marketing year 2020 totaled 11,840,994—mostly all hides. The average year-to-date weekly trends for federally inspected slaughter were 581,760, total export sales were 493,375 and total export shipments were 491,544.
Today’s Market