07.05.2024
US BOHO spread rises 45%; RINs not keeping pace
The soybean oil/heating oil spread (BOHO) in the US rocketed 45% higher this week on rising soybean oil costs. The BOHO is a common metric used to gauge the...
Please note: Fastmarkets will not publish a bulletin on Thursday July 4 in observance of the Independence Day holiday in the US.
Limited animal protein volumes were reported on Wednesday July 3 due to the proximity of the long Fourth of July weekend. US animal protein values were mostly flat, with exception to some minimal range adjustments for Wednesday, keeping wide ranges on several products.
US broiler slaughter
Fastmarkets’ research team forecasts broiler slaughter at 148.22 million head in the week to Saturday July 6, 0.25% higher than the same period in 2023.
Over the next six weeks, broiler slaughter is expected to average 165.28 million head per week, down by 0.69% year on year, according to Fastmarkets’ research team.
…