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 proteins were steady to lower on Wednesday October 16, with the only price change on porcine bloodmeal, Iowa/Missouri/Nebraska.
Fastmarkets assessed bloodmeal, porcine, fob IA/MO/NE at $875-970 per short ton, down from $890-990 per ton on Tuesday October 15.
US broiler slaughter
Fastmarkets’ research team forecasts broiler slaughter at 164.90 million head in the week to Saturday October 19, 1.94% down from the same period in 2023.
Over the next six weeks, broiler slaughter is expected to average 168.07 million head per week, higher by 3.30% year on year, according to Fastmarkets’ research team.
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