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.
Argentina (April 23)
Slaughter remains firm/stable which is normal at this time of the year. The downward trend of raw hides has temporarily paused, but pundits do not think the lull will not last long.
Today, the price of a wet salted steer hides is stable in the order of US$1.55 per kg. Wet salted price is moving toward an adjustment in the short term.
There is very little business…