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...
Market Activity
Trading was remarkably quiet today with no action reported. Much of the Midwest is bracing for a blast of cold air midweek. With temps forecast in the negative double digits and wind chills at -40 to -60 F there are sure to be issues with livestock and with logistics.
Hog slaughter is forecast to continue to ease lower over the next three weeks, averaging 2.433 million head per week, down from the prior three week average of 2.516 million head. Despite the…