05.17.2024
Uncertainty with 45z tax credit may affect Q1 2025 biofuel contracts
The expiring BTC provides a one dollar per gallon blenders credit up front with an additional 30 to 40 cents of credit to producers on the backend. Crimson...
Market Activity
Trading was mostly quiet in the protein market today with no MBM trading reported. The blood meal market remains red hot with $1450 – 1500 trading out of the Mo. River ruminant market. The porcine market saw action at $1525 FOB Midwest.
Porcine MBM prices fell $15 last week and are now flirting with the $300 mark for the weekly average. Sources have reported strong supplies and displacement from cheap feed grade PBM as the primary reasons for the drop…