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.
August 6
In July, 1.23 million cattle head were slaughtered, up 2% from June, and down 3% year-on-year.
However, when adjustments were made per business days, this comparison is reversed: down 3% month-over-month and 2% higher compared to July 2019.
The Argentina leather market remains quiet.
Frigorificos raw fresh hides continue quoting at zero pesos.
There are great offers of raw wet salted hides from all over the country.
Good quality Buenos Aires wet salted heavy steers prices continue unchanged with very limited demand. They continue to trade at about US$0.04 per kg.
Some tanneries have increased their soaking, as the end of…