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
The ruminant MBM market was fairly quiet today with only light trading done out of the Mo. River market, 5 trucks at $337. Porcine trading was lower, $330 – 340 FOB Mo. River and a flat $340 FOB Eastern IA/IL. Hog kills continue to come in a big numbers with 431,000 head processed today and 1.722 million on the week.
Blood meal trading was done in a wide range, $785 – 850 FOB River, $800 – 880 FOB Panhandle for ruminant product. Porcine trading out of the…