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
Proteins closed the week with a decent amount of activity. Ruminant MBM traded in light volume at $365 out of the River market, but good volume was seen out of porcine market at $370 – 378 FOB Mo. River. Rail cars of porcine MBM traded as high as $415 FOB Eastern IA/IL.
Ruminant blood meal jumped to $975 with four loads trading within the 30 day mark….