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.
US hide prices traded lower today, down from yesterday’s high and settling at midweek levels. Light Heavy Native Steers (HNS) dropped $1, Butt Branded Steers (BBS) dropped $2 and light Colorado Branded Steers (CBS) down $4. Regular weight CBS were reported consistent with the week’s range and jumbo CBS were reported up $1.
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