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 & Analysis
Today’s release of the USDA cured hide and wet blue export sales report for week ending October 18 showed sales increased 66% from the previous week at 736,625 from 442,014 and shipments were 42% higher at 668,130 from 469,285. For comparison, last week slaughter was 625,000 head, which was eclipsed by both sales and shipments.
The US hide and wet blue positions from the beginning of the year till now is not as bullish as last week’s…