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
Ruminant and porcine MBM prices eased lower as heavy supply and lower export values continue to erode at the market. The porcine to ruminant MBM spread remains wide relative to the average over the last three years. Currently, the Mo. River ruminant market is trading at an average discount of $55. The prior three year average for July is $23.44 and for August $28.99. Given the influx of hogs coming in August and wide spread relative to history, it is reasonable to…