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.
The ruminant market was fairly quiet today, but there was trading out of the Panhandle market at $220 – 227. Porcine trading was steady out of the Mo. River market, $265 – 285 with the bulk of the material sitting at $275. Eastern IA/IL pricing was off $10 from yesterday and values out of the Carolinas were down $12.50.
The big moves were in the poultry markets, which continue to trade at sharply lower numbers. The Missouri market is the high spot in the…