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...
A few sellers lowered their offer prices on a variety of hide selections on Tuesday. Following the release of offer lists, most bids were approximately $0.50/piece to $2/piece down from last traded levels which sellers will counter tonight.
Sellers hope that by lowering offer prices, demand will increase and inventories will decrease.
A US packer said that overall hide demand from shoe tanners was weak but boot leather demand was moderate.
Large tanners in China were the most active buyers in the market.
Shoe sales up two percent from last year, hide buying remains weak
February’s Federal Reserve Economic Data (FRED) retail shoe sales were $2.68 billion, up two percent from the year prior and down two…