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.
Today’s Market
Trading was quiet in the market today to close out the week with hide prices unchanged. Price direction was consistently higher this week and the overall tone remains firm.
Week-Ending Slaughter
The week’s estimated cattle slaughter was 651,000. The previous week’s kill was 645,000 and the corresponding week last year it was 650,000. Year-to-date slaughter at 23.505 is down 4.3% from…