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...
The protein markets were quiet to start the week and close out the month.
Hog slaughter finished last week at an estimated 2.66 million head, up 8 percent from a year ago levels. The slaughter is forecast to trend higher over the next six weeks, projected at 2.55 million head this week and to 2.78 million head on the week ending October 10th. Over the next six weeks, slaughter is forecast to average 2.3 percent above 2019 levels and 2 perecent above the prior six weeks. The additional production adds negative price pressure to the porcine bloodmeal and MBM markets. The low prices currently in play may be low…