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...
Feathermeal prices are up again this week extending the rally to 30 weeks across many of the markets. Seasonal increases in aquaculture and fertilizer demand are apt to keep the market well supported in the near term. The relative price of Alabama/Georgia feathermeal is up to 120 percent and has averaged 112 percent for the year. At 120 percent, feathers still work into feed rations as a protein ingredient and the tightness in the market combined with the oncoming, additional demand add continued risk for higher prices. One major factor in the market that could spoil the rally, is shipping issues into Asia. January export figures are expected from the USDA FAS on Friday, and…