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
Trading was quiet to start the week with no action reported.
Cattle slaughter closed out last week at an estimated 664,000 head, up nearly 4% from the same week in 2017 and 1.5% higher from the week prior. Kills are forecast at 683,900 head this week as packers push to get cattle through the slaughterhouses ahead of next week’s holiday interruption. After the holiday week, slaughter looks to continue at an aggressive pace,…