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...
Last week the hide market was more sluggish than the previous few weeks, consolidating previous gains and trading mostly steady. On Friday, the Jacobsen Hide Index closed at $30.96 from $30.68 the week prior. Major packers confirmed sales included HNS from $42 to $43.50, BBS at $39, HTS at $30, BS/CBS at $29 and HBH from 23 to $25 FOB plant. Trade sentiment is that for the next couple weeks, the hide market will be slowed because of the China…