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.
The US fat market was quiet on Monday September 30, with no changes to start the new week.
Fastmarkets’ research team forecasts hog slaughter at 2.53 million head for the week ended October 5, up by 1.21% week on week and 0.99% higher from the USDA estimate for a year prior.
Over the next six weeks, Fastmarkets projects hog slaughter to average 2.65 million head per week, up by 1.58% year on year and by 6.5% from the prior six-week average.
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