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...
September 24
Argentine slaughter continues running at a high rate. Demand for hides increasing, but not yet at the rate of supply. Some tanneries have agreed to pay Arg. 2 pesos per kg of raw fresh hides (about US$0.02), in an attempt to stop the repeal of the export rate for raw hides. The frigorificos are promoting this additional payment.
Good quality Buenos Aires wet salted heavy steers prices continue to quote at about US$0.04 per kg.
Tanneries continue to work at little capacity since the demand for crust and finished leathers remain low at market prices.
September 17
With limited demand for heavier weighted material, raw fresh frigorificos hides remain at zero pesos.
Currently, some tanneries are struggling to reinstate the export tax rate to zero, but…