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...
Participants in the animal proteins sector continued to report a quiet tone, leading to generally steady values for midweek. A low of $130/st was reported on ruminant meat and bonemeal, Tx. Panhandle. However, values at that level could not be confirmed as of press time. A new low of $300/st was indicated on Mo. River porcine meat and bonemeal, dropping the range $12.50/st.
There has been mixed communication on ruminant meat and bonemeal with some stating that pure beef meat and bonemeal has been extremely hard to move, being replaced by either mixed species, or poultry by-product meal. Other participants have conveyed better trade for the week on ruminant meat and bonemeal than the past three weeks. This has led to the widened ranges on the ruminant meat and bonemeal market.
Avian Flu Update
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