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...
Animal Proteins – International
MBM trading into China and Indonesia moved lower on increased supply and more offers into both markets. Indonesia remains sluggish coming off of the Ramadan holiday and that mixed with heavy AUS and US markets has pushed prices to a low of $390 CIF. Indonesian chick populations are down as well, which is impacting the demand for MBM. Cheap EU material has affected demand throughout the Southeast Asian market as well.
Australian domestic and…