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
The protein market was quiet to start the week with no trading reported. Offers were out higher for porcine MBM, but no trading was done as of press time. Export demand appears to be picking up the heavy supply with kills just shy of 2.5 million head last week. Slaughter is anticipated to stay above the 2.4 million head mark through Feb and into March, with the exception of the week ending Feb 23.
Figure 1.
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