The transition in the US biofuel market from the Blenders Tax Credit (BTC) to the Clean Fuels Production Credit (CFPC) was not going as planned, Fastmarkets heard on Thursday December 5.
A lack of government guidance on the CFPC has many stand-alone biodiesel producers either shutting down or drastically scaling back production, which meant that these producers were not purchasing soybean oil and other feedstocks.
While the current presidential administration under Joe Biden prepared to give way to incoming President-elect Donald Trump, there were numerous large macro-economic issues taking center-stage. But resolving the CFPC issue was not one of them.
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12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
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December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...