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
Ruminant MBM was quiet this afternoon with no action reported. Porcine MBM did trade as high as $280 out of the Mo. River market, but good volume was also done $220 – 240 Eastern IA/IL and Mo. River. Eastern trading was reported $250 – 280.
Blood meal trading was quiet, but sources have reported some lower offers are floating around the market. Early indications were for porcine in the mid to lower $900’s FOB Midwest.
Feather meal trading moved…