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.
Prices were highly mixed on Tuesday November 12, with active demand reported by market sources.
Porcine meat and bonemeal prices were steady to higher according to sources — dependent on region — while ruminant meat and bonemeal was firmer in wider ranges due to pure beef meat and bonemeal moving higher and mixed ruminant steady to lower.
Fastmarkets assessed meat and bonemeal, porcine, Missouri River at $325-375 per short ton on Tuesday, up from Monday November 11’s range of $300-350 per ton. Prices above and below the range were reported in light volume.
Fastmarkets assessed meat and bonemeal, ruminant, Missouri River at $250-350 per ton on Tuesday, up from Monday’s range of $250-325 per ton. Prices under $250 per ton and above $350 per ton were reported but could not be confirmed as of press time.
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