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...
Argentina
January 18
In December 2023, slaughter totaled 1.08 million heads, 11% down year-on-year comparison.
The 2023 slaughter totaled 14.5 million heads, the largest amount in the last 14 years. The year’s slaughter was 8% more than in 2022 and 12% more than in 2021.
Slaughter volumes in 2023 were similar to the levels of 2019 and 2020.
Good quality Buenos Aires wet salted heavy steers remain quoting at about US$0.70 per kg.
Leather continues to trade at similar volumes and prices as the week prior.
January 11
Many companies remain closed for holiday vacations, including tanneries and frigorificos. During the closure, companies are performing annual maintenance and are waiting on the governments’ new economic plans.
Prices remain stable with last week.
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