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...
Hide trading was minimal on Wednesday May 1, while most Chinese buyers were celebrating Labor Day.
Several sellers reported that they received a few bids from customers in the upholstery and footwear sectors of the hide markets. The sellers said most bids were a few dollars below offer prices, so they countered. The sellers said they expect more bids to be received overnight on May 1 and on Thursday May 2, following the holiday.
Fastmarkets assessed light and regular weight butt branded steer hides steady on Wednesday, with the last reported prices at $27 per piece for both weight classes; Colorado branded steer hides were also steady at $18.50 per piece for both weight classes. In addition, native bull hides were assessed at $13 per piece on Wednesday, down $1 per piece from the day prior, and branded bull hides were at $12.50 per piece, also down $1 per piece from the day prior.
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