Early indications this week have glycerin prices holding steady from last week’s levels. Crude glycerin values continue to hold in the 7.5 to 10 cents per pound level, while reports continue to show kosher crude values receiving a small premium to crude. Market participants surveyed were worried about biodiesel margins moving into the second quarter and beyond.
Producers using soybean oil as a feedstock received a small boost in margins as soybean oil prices declined 72 points to 48.7 cents per pound and ULSD prices edged higher, pushing the bean oil/heating oil (BOHO) spread lower. A declining BOHO takes some pressure of production economics and can lead to lower RIN prices.
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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.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...