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.
Feather meal values were flat this afternoon with no changes reported. Pet grade poultry meal slipped again this week with trading reported at $540 – 560 Mid South and $550 – 575 FOB Mid South. Sources continue to report that a seasonal increase in raw material for rendering has pushed supply higher and in turn, values lower.
Ruminant MBM traded lower out of the Panhandle market, $260 – 313 this afternoon. Pure beef material is still seeing strong demand and…