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 US hide market is still quiet with early offers about the same as last week’s prices and hides listed. Requirement for shipments to arrival in China by December 31 continues to be a factor; however, some new sales with December shipments are being booked. Interest is limited to a few bids and some early “fishing” excursions.
Outstanding Export Sales
The following chart shows the total outstanding cured hide…