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 market was very quiet this afternoon with no activity reported.
The weekly average for ruminant MBM fell $11 compared to the week prior. The eroding of the top end of the range and drastically lower panhandle prices were the main culprits of the lower, weekly average. The bulk of action last week was seen in the $240 – 250 range into feed. The reported range for both PH and MR were wide last week, as low as $210 PH and as high as $285 MR. Sources expect…