On Saturday, President Joe Biden and U.S. Speaker of the House Kevin McCarthy announced they had reached a deal in principle on a two-year government budget in exchange for lifting the debt ceiling through January 2025.
House Republicans had been determined to discard the roughly 10-year $80 billion in IRS funding contained in the Inflation Reduction Act (IRA) that was passed last year. It has been reported Republicans were successful in getting approximately $21 billion of the funding repurposed to non-defense areas.
According to White House talking points, the current agreement would not make any changes to the Inflation Reduction Act’s climate and clean energy provisions. Previous Republican efforts to upend other provisions within the IRA, including the $1 per-gallon biodiesel and Renewable Diesel Tax Credit along with limiting the 45(Q)-tax credit for carbon sequestration, were met with early…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...