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...
Market Activity & Analysis
On the supply-side of the US maket, production is high and beef demand is strong. China is slowly coming back to business and will take around half of the supply, helping to cure the incoming hides. Once the hides are salted and cured, they are stored because of the little demand. Currently, the US hide market is experiencing demand destruction due to the hide nonexistent demand. While consumers are taking care of their health and remain in…