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...
The top side of the ruminant MBM market moved higher today, trading as high as $330 FOB Mo. River and Texas Panhandle. The lower end of the market was steady at $250. Mixed species material has been reported in a range of $250 – 280 with some above and below, but most fixed in that range. Pure beef 50 pro packer material is trading in a range of $300 – 330 FOB.
Through the first half of the month, the ruminant MBM market into AL/GA has averaged 90 percent of the price of nearby soybean meal. The prior three-year average for December is 86 percent and with the January contract up…