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...
**Please note – The Jacobsen will close trade for the animal proteins bulletin on Friday, Dec 22nd at 2 pm CT and publish shortly thereafter. There will be no reports on Monday, Dec 25th.**
Market participants continue to communicate concern in regard to logistics though the holiday break. Negative pressure remains present on ruminant meat and bonemeal (MBM) with trading reported in a wide range out of the Mo. River and Tx. Panhandle market. Mixed species material was reported as low as $200/st FOB River today and pure beef as high as $300/st.
For the week ending December 23, 2023, broiler slaughter is anticipated to be 162.804 million head, 1.2 percent above 2022 but 0.9 percent lower from the previous week. Over the next six weeks, broiler slaughter is projected to average 159.088 million head per week, a drop of 1.0 from 2022. (Fig. 1)
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