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 limited to the Panhandle market, which saw action in a wide range today $275 – 300. Trading out of the Mo. River market was quiet, but sources reported offers in a wide range, anywhere from $280 – 320 FOB. Trading in the porcine markets was steady.
Bloodmeal trading was done in a wide range, $775 – 825 FOB River and $800 – 850 FOB Panhandle for ruminant material. Porcine blood traded $775 – 840 today with loads moving at a number of…