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 steer market had more activity today with a few trades on Heavy Native Steers and Butt Branded Steers $0.50-$5 higher than yesterday’s reports. Branded Steers and Dairy Cows were reported $2 lower than yesterday’s price levels. Overall, the week’s trading activity was slow due to sufficient buyer inventories and disagreement on pricing between buyer and seller. The week’s estimated cattle slaughter was 577,000. The previous week’s kill was 624,000 and the corresponding week last year it was 581,000. Year-to-date slaughter at 23.043 million is up 3.8 percent from 2020.
U.S. Export Sales & Shipments for Week Ending September 2
USDA Cured Hide and Wet Blue Export Sales Recap
For week ending September 2, export sales for 2021 marketing year decreased 24 percent to 400,919 from 530,914 and shipments decreased 25 percent to 414,501 from 552,325. Sales for marketing year 2021 totaled…