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...
Please Note – The Jacobsen will not publish an Animal Proteins bulletin on Friday, January 1st. We will resume our normal publication schedule on Monday, January 4th. We wish all of our readers a safe, healthy and prosperous New Year.
As all prepare to turn the calendar to a new month and a new year it’s good to look back on the markets from this year and ahead to what may lie in store. Feast and famine dominated the market trading in the first half of 2020 with tremendous uncertainty around COVID-19 interruptions and concerns over supply. Ruminant meat and bone meal prices hit multi year highs in terms of relative price to soybean meal and in the case of the panhandle market, getting as high as 98 percent in May before plummeting to 52 percent in July.
Figure 1.
Stockpilin…