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 & Analysis
The US market remains unchanged with better-grading natives and butts moving fairly well, brands and multiple brands a little more difficult to move and cows a little even further down the list. Interest has picked up, but there is a strong resistance to any more money. For US hide suppliers, the noted downturn in China’s domestic shoe and upholstery business is weighing heavily on the market, which normally takes 60-65% of its hides….