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.
Ruminant and porcine MBM traded steady to higher today. Sellers have been able to push prices up $5 this week with offers out as high as $10 – 15, depending on location. Strong supplies continue to outpace demand increases in the bloodmeal market with good volume seen as low as $500 for porcine material out of the IA/MO/NE market.
Feathermeal prices increased throughout the South and Eastern markets today. Strong export…