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...
Trading activity in the hide market had one trade reported. Sources reported Heavy Texas steers trading down $0.50 from yesterday’s price levels. Market participants noted there was a lot of interest in cows from upholstery tanners. The steer market is encountering challenges due to the sluggishness in the shoe industry.
North American Cow Price Comparison 2022-2023
The chart below, figure one, illustrates a comparison of cow prices in 2023 with the previous year. It shows that Northern branded cows (NBC) in 2023 have witnessed a decline in trend compared to last year. The prices dropped significantly from January to July for the year but have not crossed the threshold of $6.00/pc so far in 2023 while prices ranged from $5.50-$10.85/pc in 2022. Year-on-year with July 2023 reveals a decline of 34.4 percent. Southwestern branded cows (SBC) also follow a similar pattern as NBC.
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