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 traded lower out of the Mo. River and PH markets today. The bottom side of both ranges fell $ to $190 and $180, respectively. Dal/Hou ruminant MBM was reported higher, $185 – 200.
The dynamics remain the same for MBM, heavy supplies but sellers able to move the product into domestic and export channels at current levels thanks to very good values relative to soybean meal.
Poultry meal prices were flat today, but indications are that the…