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.
Prices were steady in the US animal protein market on Wednesday November 6, with market participants reporting light trading activity and a largely rangebound market.
US broiler slaughter
Fastmarkets’ research team forecasts broiler slaughter at 167.25 million head in the week to Saturday November 9, 1% lower from the same period in 2023.
Over the next six weeks, broiler slaughter is expected to average 162.12 million head per week, higher by 0.2% year on year, according to Fastmarkets’ research team.
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