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 MBM traded lower out of the Mo. River market, $235 – 275. Panhandle action was lower as well, $215 – 245. Porcine trading was done as low as $250 and sources have reported that the lower porcine numbers have pushed down on ruminant numbers into the blending sector.
Feathermeal values were mostly steady today, but trading out of MN was reported lower $415 – 435. Bloodmeal was reported lower for both the ruminant and porcine markets. Sources suggested…