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
Feather meal prices took a sharp nosedive, with sellers struggling to move their production. Export business remains strong, but limitations on demand and logistics have completely bifurcated that market from what interior buyers are willing to pay. Blenders in particular are pushing hard for lower prices and getting their way on price.
Ruminant MBM prices were largely unchanged today, but porcine MBM prices did move lower. Kills remain strong in both…