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 be closed on Monday, Jan 1st.**
The week wrapped up with Northern Heavy Native Dairy Cow hides trading $1/piece higher, and Branded Steer hides trading $0.50/piece higher than the start of the week. Trading for fed steer hides fluctuated throughout the week but closed steady with price levels from Tuesday. Tanners in Mexico are expected to be back in the market next week after being closed for the past two weeks for the holidays.
U.S. Export Sales & Shipments for Week Ending December 21
USDA Cured Hide and Wet Blue Export Sales Recap
For the week ending December 21, export sales for the 2023 marketing year increased 40.24 percent, from 294,324 to 412,751, while shipments decreased 5.02 percent, from 541,923 to 514,708. Sales for the 2023 marketing year totaled 26,552,601, mostly all hides. The average year-to-date weekly trends for…