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 very quiet in the ruminant market today with no changes reported. Porcine trading was done lower out of the Mo. River and Eastern IA/IL market. Sources continued to report pressure on the market despite a very favorable ratio to nearby soy.
Feathermeal did manage to trade as high as $415 late yetesrday, consistent with the range from earlier in the week. Poultry meal in the Mid South was sharply lower late yesterday and today, $280-305 FOB.
…