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.
There was a smattering of lower trading today throughout the country. Ruminant MBM was reported as low as $195 FOB Panhandle in trucks. Feathermeal trading was mostly quiet, but 8 trucks of feathermeal did trade at $360. Pet grade poultry meal continues to run heavy with trading reported at $450 out of the Southeast.
Proteins continued to slump last week with lower weekly averages seen in all four categories. Both ruminant and porcine MBM sellers are…