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...
September 3
Argentine beef exports reached 78 thousand tec in July, which has recovered from the month-on-month drop in June. The record total of 913 thousand carcass equivalent tons accumulated during the last 12-months has not been reached within the 60 years. Even though prices improved, they still are 23% lower in the year-on-year comparison.
Quarter three had a monthly average of 80 thousand tons of carcass equivalent (tec) which has returned to the rates from the last quarter of 2019 marking 10 thousand tec less than the all-time record for the last calendar quarter of 2019.
Slaughter remains steady as there is a large supply of hides and very little demand from the tanneries. Raw fresh hides continue being delivered at zero…
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