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...
October 29
Slaughter continues at steady volumes, mainly light-weighted cattle due the lack of heavy-weighted cattle.
Due to the government decreed suspension of the export tax rate for two months, raw prices are soaring on both, raw fresh and raw wet salted hides by approximately the same tax rate.
Frigorificos raw fresh hides are quoting about Arg$11/12 (US$0.14 per kg), which many are not paying. However, others are buying the same because of the commitments made. There is uncertainty of how the market will continue.
Good quality Buenos Aires wet salted heavy steers are quoting upwards at about US$0.18 per kg.
Some tanneries continue working, but other…