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 higher out of the Mo. River, $365 – 370 but lower elsewhere. Trading in the PNW was a flat $350 and sources have indicated that California may slip below the $325 mark. Porcine trading was done at $370 – 375 out of the Eastern IA/IL market, but much lower FOB Mo. River, $335 – 370. Sources have suggested that porcine material may be quietly trading below the $335 market.
Feather meal action was steady again today with sales reported…