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...
Despite another day of lower prices at the CME, animal protein prices continue to trade higher. The upward momentum in the MBM markets appears to be running out of steam, but a well sold porcine market, slower slaughter and a still-favorable price to soybean meal are offering near term support.
Feather meal prices moved sharply higher out of the Minnesota, Mid South and Carolinas markets. Trading topped out at $575 FOB Mid South, which has a relative price to soybean meal of 134 percent. At that level, the protein value is…