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 in the ruminant MBM market was reported steady out of the Texas Panhandle this afternoon. Trading outside of that market was quiet. Porcine trading was reported $265 – 285 FOB Mo. River and $260 – 285 out of the Eastern IA/IL market. Carolinas trading was reported steady. Sources have commented that the market has tightened up over the last couple of weeks.
Poultry blood meal moved higher, $800 – 820 with sources reporting improved demand. Porcine…