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
March 7
Slaughter continues steady with last week.
Beef consumption in Argentina has declined.
Good quality Buenos Aires wet salted heavy steers are quoted upwards from the prior week at about US$0.63/kg.
The Argentinean peso has risen throughout the year of 2024, with the US exchange rate standing at ARS 845.17/USD, representing an increase of four percent from three months prior.
Fixed costs within the leather industry have forced many tanners to reduce their purchases.
Demand is slow despite the stable prices.
February 29
Slaughter remains unchanged from last week.
Good quality Buenos Aires wet salted heavy steers are quoted upwards from the prior week at about US$0.60 per kg.
Demand remains consistent with last week.
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