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 quiet to start the week, typical for a mid-summer Monday.
For the last full week of July, cattle slaughter was up 2.1% compared to last year and up 0.8% compared to the week prior. Slaughter numbers are forecast to build onver the next six weeks, averaging 651,750 head before seeing lower numbers for the Labor Day holiday break. The combination of strong hog and cattle kills heading into September are likely to keep…