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...
This week hide prices moved sideways with the exception of a couple spotted trades that were slightly higher. Most market participants reported buyers were unwilling to pay higher prices even though offers were limited and firm. Volume of hides traded on average seemed to be lower than normal; however, some suppliers report it was about average or close to a week’s production.
As we approach the two short productions weeks for the…