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...
Ruminant MBM slipped lower this afternoon, $370 out of the Mo. River market and $365 FOB Panhandle. Porcine trading was done lower out of the Eastern IA/IL market, $420 – 425 with trading out of the Mo. River market quiet today.
The ruminant declines seem to be purely a demand driven decrease with cattle slaughter continuing to run very tight.
Figure 1.
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