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...
Ruminant MBM traded lower out of the Illinois markets today. Mixed species material continues to be plentiful with prices trading at the lower end of the range, pure beef packer material was quoted as high as $200 but there was good volume reported at lower levels. Export demand continues to be strong at these values for both porcine and rumimant material, but heavy production has weighed on prices. At an average of $160 FOB Missouri River, ruminant MBM has a relative price to nearby soybean meal of 55…