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 ruminant MBM market was mostly quiet today, but IL renderer product traded down to a range of $180 – 190. March meal prices were up today and settled just shy of $306. If protein were the sole determinant of price and SBM was the unit by which all would be measured, ruminant MBM should have a value of $318.75. With strong kills and fewer diets using MBM over the last several years, that relative price norm has shrunk well below protein parity. Prices should…