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 proteins prices were mixed for the day, though most products remained steady on Tuesday October 8.
Poultry by-product meal pet food grade (PBPM PFG) was the only product to show price adjustments. Uncertainty remains prevalent in the poultry market in the Southeast. But the reopening of the ports and the continued clean-up efforts in the Southeast following Hurricane Helene have lessened worries.
Fastmarkets assessed poultry by-product meal, pet food, Southeast, at $500-600 per short ton on Tuesday, narrowing upward from $475-600 per ton on Monday October 7.
Fastmarkets assessed poultry by-product meal, pet food, Mid-South, at $525-625 per ton for Tuesday, narrowing from Monday’s $475-650 per ton.
Fastmarkets assessed chicken meal, Mid-South, at $650-750 per ton for Tuesday, steady from Monday. Prices were reported above and below the published range, in limited volume, keeping the range steady for Tuesday.
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