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 was quiet in the US animal protein market on Monday November 4, with no price changes reported.
Hog slaughter
Fastmarkets’ research team forecasts hog slaughter at 2.675 million head in the week to November 9, up by 3.75% from the respective week in 2023.
Over the next six weeks, hog slaughter is projected to average 2.595 million head per week, up by 0.51% year on year.
Hog slaughter for the week ended Saturday November 2 was at 2.653 million head, up by 2.3% year on year, according to the USDA’s Estimated Weekly Meat Production Under Federal Inspection report. Year-to-date hog slaughter was at 108.23 million head, up by 1.0% year on year.
September animal by-product production, stocks
In September, US production of…