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 2 p.m. CST
Friday publication hours are in effect. The deadline for trade reporting will be at 2 p.m. CST with publication of the Hide & Leather Price Guide/Commentary soon after.
Today’s Market
Today was another day of price increases and reports of a strong US hide market. Supply is low and packers continue to raise their asking prices. Mid-weight packer Heavy Native Steers and Butt Branded Steers moved up $2 from yesterday. Light weight packer Butt Branded Steers have increased $2 from Tuesday’s report. Northern Native Cows and Branded Cows traded $2 relative to Monday.
USDA Cured Hide and Wet Blue Export Sales Recap
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