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.
October 8
Slaughter continues running at a high rate.
The market still is paying 2 Arg. pesos per kg for raw fresh hides.
Good quality Buenos Aires wet salted heavy steers prices remain quoting at about US$0.04 per kg.
Many European are concerned about the recent pandemic outbreaks and the weak demand. Tanneries continue to work at 25-30% of their capacity, with low semi-finished leather prices.
October 1
Slaughter continues to run at a high rate.
The market has been paying 2 Arg. pesos per kg for raw fresh hides, but there are superstocks of wet salted hides which are widely offered at low price.
Good quality Buenos Aires wet salted heavy steers prices remain quoting at about US$0.04 per kg.
Demand…