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...
Midweek trading activity was sideways except for Colorado branded steers which traded $0.50 down for light weight material and $1 down on regular weight material.
Most demand was for cowhides, Colorado branded and branded steers. Most interest is from China, Japan, Thailand and some from Mexico.
A few sellers in the market reported discounted offers to tanners from packers if material can be shipped next week.
Sellers reported less jumbo weighted hides available in the market, but have seen more heifers available to trade.
Chinese Real Estate Market Weighs on Domestic Furniture Sales
Furniture sales in the U.S. recovered in quarter 1 (Q1) from year end while home starts rebounded slightly, but the Chinese furniture retailers did not see similar Q1 success.
Federal Reserve Economic Data (FRED) reported March advanced furniture sales data at $12.11 billion, up 21 percent from the…