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
Ruminant MBM trading was sideways today with no changes reported. Some buyers are anticipating lower prices based on higher kill numbers and more supply in both the porcine and ruminant markets. The bean meal market rebounding on today and yesterday has helped sellers ask for steady prices to start the week. July saw a relative price to soybean meal at 74.6%, 19 points below the prior three year average. Strong kills and continued use of all veg diets in the poultry…