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 US hide market was sedate as it ended last week and with the exception of a few spotted trades, the majority of hides sold close to steady. The Jacobsen Hide Index on Friday closed at $82.16 from $81.67 the week before. The week began with a round of price increases from producers.
Today’s Market
The market was relatively quiet today with a moderate number of carry-over trades reported. Prices were…