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
Two cars of renderer BFT traded at $0.2550 Chicago for prompt shipment. Corn oil traded in good volume at $0.2000 and $0.2050 FOB Mo. River this afternoon to round out the day’s action.
Cattle Slaughter Outlook
Cattle slaughter continues to run well ahead of last year’s pace with an estimated 611,000 head processed last week. Kills this week are projected at 609,000 and a similar level is expected for the week ending Feb 16….