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 Fats – International
The Australian market was quiet with the February tenders underway. Strong production continues with slaughter continuing to run well above 2018 and 2017 levels. The MLA reported eastern state slaughter up 24% from last year’s levels at 139,155 head last week. The heavy slaughter now will come at the cost of numbers in the future with female rates up 40 – 50% relative to a year ago. With the breeding stock…