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.
The US animal fats markets experienced a quiet start on Monday October 28, with little change reported aside from a slight dip in choice white grease prices on an FOB Missouri River basis.
In other news, Fastmarkets’ research team forecasts hog slaughter at 2.65 million head for the week ending November 2, up by 2.2% week on week but down by 0.57% year on year.
Over the next six weeks, Fastmarkets projects hog slaughter to average 2.588 million head per week, up by just 0.38% year on year and by 0.44% from the prior six-week average.
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