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.
Trading in the hide market was limited today. Branded Steers (BRS) and Heavy Texas Steers (HTS) remain quoted at steady with the same levels seen over the past few weeks. Sales for HTS for the C&F China market are trading in the neighborhood of $46 per piece. Activity is expected to increase as the week progresses.
Tables 1 and 2 below show the total outstanding cured hide and wet blue export sales by selected countries through April 8. Through Week 14, the total outstanding sales are 4.895 million from 5.058 million the prior week.
Table 1 & 2.
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