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 tallow market was quiet today with no changes reported ahead of publication. Choice white grease did trade higher on a Chicago basis, up to 67.75 cts/lb. Mo. River traded in a range of 66 – 67.5 cts/lb FOB today with volume done throughout the range. Lower priced palm as well as other alternative fat sources has led to strong resistance from the feed sector, sources indicated that buyers are pushing for levels below the last traded prices.
Poultry fat was higher out of the AL/GA and Delmarva markets, but lower out of the Mid South.
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