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
MBM prices, both porcine and ruminant, moved lower on an FOB basis today. Porcine trading was sharply lower while ruminant trading moved down $5 from the previous high out of the Mo. River and Panhandle markets. Sellers had been hoping to hold prices steady through the holiday, but the current strong production as well as the strong production coming after the break has pushed sellers to get ahead of the drop. Fundamentally, the market shouldn’t be breaking lower…