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...
Supply Interruptions Drive Market Higher
Chicago packer BFT moved higher today on a three car trade, renderer BFT was bid higher with sellers unable to source material as of press time. Continued downtimes at beef and pork plants are creating unexpected shortages in the market.
Cattle slaughter finished last week at an estimated 502,000 head and this week’s forecast is projected at 520,000. Slaughter over the next six weeks if forecast at an average of 600,000 head, down…