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...
Frigorificos steer green hides traded $0.01 per kg higher than the week before, while United Kingdom ox and heifer hides lost traction. Meanwhile, high operating costs and a lack of leather orders led Chinese tanners to lower bids prices on US hides.
Argentina
According to one source, Argentina exported 77,000 tons of beef in March, down by 8% from February, but up by 14% year on year.
Cattle slaughter volumes were unchanged on Thursday April 25 compared with the week prior.
Buenos Aires wet salted heavy steer hides traded around $0.65 per kg on Thursday, unchanged week on week, with demand unchanged as well.
Brazil
According to one source, cattle slaughter volumes were unchanged week on week on Thursday.
Prices for wet blue full substance TR1 heavy hides from Mato Grosso traded around $0.70 per sq ft.
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