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 today with no price changes reported. Sellers continue to stress that value of animal proteins relative to soybean meal, but as has been stated ad nauseum, the paradigm has shifted to a market that is only seeing 65 – 70% of the total broiler production seeking animal proteins for feed rations. As seen in Figure 1 below, the average ratio of ruminant meat and bone meal, porcine meat and bone meal and feather meal to nearby soybean meal…