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.
Outstanding Export Sales
Tables 1 and 2 below show the total outstanding cured hide and wet blue export sales by selected countries through August 8. Through Week 32, the total outstanding sales are 4.730 million from 4.741 million the prior week. With the same period average weekly slaughter at 595,154 head, the cumulative outstanding sales represent 7.95 weeks of production from 7.98 the previous week.
Table 1 & 2.
Today’s Market
Today, trades reported have brought jumbo Colorado Branded Steer prices down to original levels of $11 and regular weighted Butt Branded Steers down a marginal $0.50.
[HIDE-SALES]
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