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...
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Friday Early Publication Hours in Effect — Friday’s Trade Reporting Deadline 2 p.m. CST
Friday publication hours are in effect. The deadline for trade reporting will be at 2 p.m. CST with publication of the Hide & Leather Price Guide/Commentary soon after.
Market Activity & Analysis
Today’s Market
Steady demand from China and the automotive sector continue. More steer activity was reported today. A number of selections jumped up in price, light Heavy Native Steers (HNS) were reported at $37 and jumbos HNS at $40 and $42. Jumbo Heavy Texas Steers at $32, Branded Steers (BS) at $27 and jumbos BS at $28, light Butt Branded Steers (BBS) at $34 and jumbo BBS at $34 and $36.
The USDA Export Sales Report was released today for week-ending October 24, posting cured outstanding sales at $3.423 million,…