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.
US animal protein prices were flat on Wednesday September 25 amid limited volumes.
August US commercial broiler, turkey slaughter
Broiler slaughter in August totaled 812.42 million head, according to the USDA’s Poultry Slaughter report released on Wednesday September 25. This was down by 4.59% year on year and by 1.59% from July; it was also below August levels in 2021-2023.
Broiler slaughter totaled 6.32 billion head in the first eight months of 2024, up by 0.20% from 2023 and by 1.51% from the three-year average.
Commercial broiler weights averaged 6.56 lb in August, up by less than 1% year on year.
Poultry by-product meal (PBPM) production totaled 2.307 billion lb in January-August, up by 3.13% year on year due to the combination of increased slaughter levels and higher broiler weights.
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