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 animal protein prices were flat to down on Tuesday September 24
Porcine bloodmeal prices were reportedly under pressure, though no trades were confirmed outside the current range at the time of publication.
Fastmarkets assessed poultry by-product meal pet grade, Mid-South at $550-650 per short ton on Tuesday, down from $600-650 per short ton on Monday September 23.
Fastmarkets assessed poultry by-product meal pet grade, Southeast at $550-600 per short ton on Tuesday, down $550-625 per short ton on Monday.
Porcine bloodmeal relative to soybean meal
Porcine bloodmeal prices relative to the Chicago Board of Trade soybean meal futures were high at the start of 2024; over four times the price of soybean meal.
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