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 into the AL/GA and Eastern markets today. Pure beef 50 pro packer material is trading as high as $385 delivered into the Eastern market. Tight protein supplies in the region are contributing to the higher prices, but the wide spread between the average Midwestern values and the prices delivered into the East adds risk for lower prices after the holiday break.
Pet grade poultry by product meal traded higher out of the Southeast today. Demand remains very strong and spot availability is tight. Sellers of poultry proteins are seeing tight raw material supplies and big demand from the pet food sector. Broiler…