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...
Broiler slaughter is forecast at 169.2 million head this week before reaching a projected peak, next week, at 171.7 million head. Over the next six weeks broiler slaughter is forecast to decrease, averaging 164.4 million head per week, down 3.9 percent from 2019 levels and down 0.7 percent from the prior six week average. The slower production, buying ahead of the holiday break and higher soybean meal prices help to explain the…