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
Outstanding Export Sales
Tables 1 and 2 below show the total outstanding cured hide and wet blue export sales by selected countries through June 4. Through Week 23, the total outstanding sales are 4.787 million from at 4.413 million the prior week. With the same period average weekly slaughter at 578,806 head, the cumulative outstanding sales represent 8.27 weeks of production from 7.66 the previous week.
Table 1 & 2.
Today’s Market
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