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...
Three cars of renderer BFT traded steady into/through the Chicago market this morning. Indications on packer demand have been steady in price and volume through October for the Chicago market and at Chicago-equivalent values outside of the Chicago rail corridor.
The overall market was reasonably steady today, with few changes reported. Poultry fat did move higher out of the AL/GA market and into the Carolinas. Fat sellers have taken advantage of wide spreads to fats in the Midwest and push prices higher with buyers not having many lower-cost options. The corn market has also helped push AL/GA poultry fat prices higher. September closed the month at an…