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...
Hide bidding activity was slow midweek in comparison to the week prior. Of the bids received, steer hides were several dollars below offer prices particularly on heavy native and butt branded steer. Buyer bids are for smaller volumes than last week as well. Some sellers have received bids unchanged from current market pricing for dairy cows and minimal interest for plump cows.
Hide demand as well as vehicle sales are expected to recover with lowering interest rates.
…