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...
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas City, Missouri, this week. A variety of products were under downward pressure in the week, though most remained rangebound.
Fastmarkets’ price assessment for bloodmeal, porcine, fob Iowa/Missouri/Nebraska was $1,000-1,125 per short ton on Friday. A price of $925 per ton was reported in the region but could not be confirmed as of press time.
The weekly price average was 1,082.50 per short ton, down by 1.37% from the average of $1,097.50 per ton in the week to April 26.
…