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...
Ruminant MBM prices moved higher today out of a number of markets. Trading into the AL/GA market was lower, with the bottom side dropping $10. The higher prices are indicative of buyers paying up for coverage into January, but sellers moving spot loads for next week in smaller volume have expressed difficulty in pushing prices higher.
Porcine MBM out of the Carolinas market was steady today. Soybean meal prices have come off over the last week, but the market remains well priced versus soy. The Carolinas porcine MBM market finished November at a relative price to soybean meal of 81 percent, four points under the prior…