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.
Ruminant MBM trading was up out of the Mo River market, $190 – 220 and off $5 from the last high out of the Panhandle, $180 – 220. Porcine MBM was fairly steady with the bottom side of the range moving up $5, to $220. Good volume was reported at the $235 mark.
Blood meal remains weak with steady prices reported on both ruminant and porcine material. Poultry blood was reported $480 – 500. Mixed species material traded as low as $470 FOB Mo. River today.
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