Last Week’s Hemp Commentary
California Hemp
Hemp was routinely mistaken for MJ during the 2019 growing season. Thieves and professional law enforcement alike cannot distinguish hemp from high-THC MJ. That technical issue has yet to be solved on a national level for law enforcement, the ability to determine whether it is high cannabinoid hemp or THC. This was true for the Kern County Sherriff’s Department last year, when they oversaw the destruction of over 500 acres of hemp belonging to Apothio LLC.
Kern County agriculture dwarfs the agricultural receipts of many US States. The county generates more than $7.5 billion from the sector, about the same as Mississippi and Louisiana agriculture combined. Just for comparison, North…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...