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...
Trading was fairly quiet today with many in Atlanta for the International Production & Processing Expo. Indications were broadly sideways with some weakness in the porcine and ruminant bloodmeal markets, and strength in the poultry bloodmeal market.
Feathermeal did trade lower today, falling below $500/st on the bottom side of the FOB range. Sources continue to report tight supplies on pet grade poultry by-product meal (PFG PBM), and tight supplies on rendered poultry products in general. Trading was reported higher today on an FOB basis for PFG PBM FOB Southern markets.
Livestock and Poultry Slaughter
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