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...
Today’s Market
Business was reported as very quiet. July is typically a slow season for the US hide market, but this year could see the slowness exacerbated by the COVID driven market conditions. Today there were a few drops in prices for Colorado Branded Steer and Butt Branded Steer.
[HIDE-SALES]
Similar to footwear and auto sales, furniture sales in the US for April of 2020 have seen an all-time low. Furniture sales have sharply fallen to $4.1 million in April 2020, which is a 57 percent decrease from the 2016 to 2019 April sales average. Over the past four years, this market has seen consistency in sales, reporting only a $773,000 difference from the period’s high to low—until March and April of this year. Sales declined 60 percent…