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
Trading was very quiet today with no changes reported. Much of the ag belt is getting ready for extremely cold temps midweek. Cold weather feed usage is expected to increase, but logistics and plant operations are going to prove to be difficult for many.
Cattle slaughter is forecast to continue to ease lower through February before picking back up in March. Slaughter for the next three weeks is forecast out at an average of 605,000 head, down from the prior…