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...
Limited trade was reported for the start of the week. The IPPE (International Production and Processing Expo) and AFIA (American Feed Industry Association) Pet Food Conference are expected to draw participants from the animal protein market which could diminish traded volume for the week.
For the week ending February 2, 2024, cattle slaughter is forecast at 625,000 head, 1.9 percent down from 2023 but 1.1 percent up from last week. Over the next six weeks, cattle slaughter is projected to average 615,000 head per week, 1.9 percent lower than 2023 for the respective time.
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