Weekly credit volume was down 73 percent from the prior week, hitting a three-week low of 52,380 credits transacted. The weekly volume was 86 percent below the 2020 average and 51 percent below the same weekly period in 2019. The average price paid per credit increased $2.98 to $200.46. There were 16 transactions, 12 were type 1 transfers of 31,480 credits and eight were type 2 transfers of 20,900 credits. Type 1 transactions are trades executed within 10 days of a transfer agreement. Type 2 transactions are executed beyond 10 days of a transfer agreement. Type 1 transactions give a clearer picture of where the market is currently trading since Type 2 transactions do not give a date the agreement was entered into. The weighted average price for type 1 trades was $203.96, which was $3.50 over the average price of all trades. Second quarter volume is 87 percent over first quarter volume and 224 percent over Q2 of…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...