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 prices fell out of the Mo. River market today with trading reported $245 – 265. Porcine trading was lower as well, $270 – 285 Mo. River and Eastern IA/IL. Sources have reported plenty of inventory on both ruminant and porcine is pushing prices lower.
Figure 1.
Cattle slaughter is shown for 2015 – 2017 YTD against the 2010 – 2014 average.
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