Renderer BFT Trades Higher, Packer Market Steady to Close out Week
Three cars of renderer grade bleachable fancy tallow (BFT) traded up a ¼ cent to 43.5 cts/lb Chicago on...
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BOHO Spread and RINs Rise
The bean oil/heating oil (BOHO) spread is used as a measure of profitability in the production of biodiesel and renewable diesel using soybean oil as the feedstock. A rising BOHO indicates market production of soybean oil-based biofuel is becoming more expensive. RIN prices tend to rise along with the BOHO to offset the cost and incentivize production.
To end this week, the BOHO increased 22 percent to 75 cents per gallon, indicating a more expensive production environment. Soybean oil costs increased two percent... Read More
