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.
Friday Early Publication Hours in Effect — Friday’s Trade Reporting Deadline 12 p.m. CST
Friday publication hours are in effect. The deadline for trade reporting will be at 12 p.m. CST with publication of the Hide & Leather Price Guide/Commentary soon after.
USDA Cured Hide and Wet Blue Export Sales Recap
For week ending August 6, export sales for 2020 marketing year increased 35 percent to 554,377 from 410,325 and shipments decreased 10 percent to 565,692 from 631,575. Sales for marketing year 2020 totaled 16,321,974—mostly all hides. The average year-to-date weekly trends for federally inspected slaughter were 595,154, total export sales were 510,062 and total export shipments were 503,635.
Today’s Market