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.
Buyer interest was indicated as strong today for several selections of US hides. Tanners from China were the reportedly the most active today. More trading activity is expected throughout the week.
Native heifers and heavy Texas steers fell today $1 and $1.50, respectively, from yesterday’s price levels.
Cured and Wet Blue Export Shipments by Selected Countries — Through November 9
Tables 1 and 2 below show the total outstanding…