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...
Most items in the animal proteins market were highly unsettled for Tuesday. A have-have-not tone was indicated on bloodmeal, meat and bonemeal, and poultry by-product items. Abundant offering levels were reported at several locations, especially on ruminant meat and bonemeal, even with some indicating active export and increased pet food interest. However, some called the export market flat, keeping the domestic inventories heavy. Most values were reported in range on both porcine and ruminant meat and bonemeal. However, buyer pushback led to lower values in Texas on ruminant.
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