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.
September 10
In August, 1.2 million cattle head were slaughtered, down 3% from July, and down 2% below year-on-year comparison.
However, when adjustments were made per business day, there are single digit increases in both comparisons.
The percentage of female hides over the total showed a new month-on-month decline, just under 45 percent.
The raw leather market remains calm while there is little demand and a lot of supply from frigorificos.
Good quality Buenos Aires wet salted heavy steer prices continue unchanged, quoting at around US$0.04 per kg.
There is some improvement for October/November at the current demand level, but it is a mixture of higher world demand, which is still slow due to low consumption caused by the virus, and the…