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 market was fairly quiet this afternoon with not a lot of volume reported. Three trucks of ruminant were reported out of the Mo. River market at $295. The Dal/Hou market fell to a flat $300 and trading out of the IL renderer market was done at $275. Porcine MBM traded at $285 – 310 FOB Mo. River. Sources have remarked that there is a lot of “puking” happening in the market, which can be read as, a lot of material is getting dumped under the table. Hog kills…