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...
April 30
No news since last week. The situation in Argentina is looking meek. Fresh hides remain at Arg. $0., so they are neither salted or thrown away. Most frigorificos have their frigo-beef facilities already full.
Lower slaughter accompanies a lesser domestic consumption.
The few Buenos Aires wet salted heavy steers quoted, continue at about US$0.07 per kg.
Many tanneries with serious difficulties are continuing to operate.
There are fewer orders than usually at this time. Also there has been a lot of uncertainty about when clients will start buying again.
Argentina beef exports in March totaled 59,000 tons of carcass equivalent (TEC) which is…