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
Eight cars of technical tallow traded up to $0.3600 Chicago today, another ten traded at $0.3700 for outside of the 30-day window. BFT traded at $0.2600 Chicago basis and bids for more material at $0.2600 Chicago were made. Renderer tallow traded in three cars at $0.2650.
Cattle slaughter finished last week at 629,900 head, down 4.72% compared to the week prior and up 1.03% from the week one-year prior. Slaughter looks to continue in a choppy pattern,…