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 & Analysis
The US hide market remains under pressure with prices sliding around a dollar and the Jacobsen Hide Index down $1.11 from the week prior on Friday at $38.27. Major packer HNS reported from $57 to $58, BBS from $43 to $44, BS from $36 and HTS from $35 to $36 FOB plant. Cow hides continued to be a struggle for suppliers with prices a dollar or two below previous traded levels. Despite relatively decent numbers of hides shipping from the US each…