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...
US hides are highly sought-after with world supply being tight. Many packers have reported they’re well sold while the rest of the market is in a frenzy to buy material to satisfy demand. Automotive and furniture continue to be the main drivers of this demand while footwear trudges behind. However, some footwear tanners have reported slight increases in their interest for some hide selections.
Today’s Trades
[HIDE-SALES]
U.S. Export Sales & Shipments for Week Ending March 4
USDA Cured Hide and Wet Blue Export Sales Recap
For week ending March 4, export sales for 2021 marketing year increased 54 percent to 662,255 from 429,423 and shipments increased 2 percent to 492,255 from 481,962. Sales for marketing year 2021 totaled 4,330,359—mostly all hides. The average year-to-date weekly trends for federally inspected slaughter were 639,973, total export sales were 481,151 and total…