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...
The U.S. economic recovery continues largely unabated. The latest figures from the Commerce Department’s Bureau of Economic Analysis (BEA) show an economy that continues to expand on top of growing personal income and moderating inflation. Inflation rose modestly for PCE in January – a measure of volatile food and energy prices – but the Fed has indicated the potential for twists and turns on the road to a 2 percent inflation target.
This economic progress should result in steady, sustained growth in organic animal protein segments. Nonetheless, action – or inaction – by the Fed to cool the burgeoning growth could prompt consumers to rein in their spending.
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