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...
Argentina
April 11, 2024
In March, Slaughter totaled 1.05 million head, which was up1% from February but down 19% year on year.
Currently, rawhide supply is stable to last week, especially at frigorificos working for export. Frigorificos supplying for domestic consumption have seen a reduction. Green raw hides prices are quoting with a downward trend of about Arg$10~15/kg.
Good quality Buenos Aires wet salted heavy steers were unchanged from last week at about US$0.65/kg.
Reduced production volume at tanneries due to low competition has pressured hide prices downward.
Demand from Asia is unchanged from last week, but demand from Europe remains weak.
April 4, 2024
Due to the observance of Easter last week, plus the memorial of the Malvinas war this week, there were no trades…