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
The protein market was quiet to start the week with no action reported. Soybean meal shed $6.7 from the May contract today, erasing half of Thursday’s post report gains. As has been said ad nauseam, values on proteins still remain favorable to soybean meal.
Hog Slaughter Outlook
Pork production continues at a strong pace with just shy of 2.4 million head processed last week. Kills are forecast to slow down from March’s pace with the…