Weekly Hemp Recap

Weekly Hemp Recap

Last Week’s Hemp Commentary

 

Ecofibre 

Just when we wondered if Senate Majority Leader Mitch McConnell (R-KY) had abandoned hemp, he’s proven he’s still in the game, despite what he calls the “speed bumps”, that are declining hemp prices.  McConnell toured the EcoFibre facility in Georgetown, Kentucky last week.  The 50,000 ft2 LEED certified building opened in July at a cost of $16 million and employs 75 people.  The Australia based company is involved in every segment of the hemp industry, with separate divisions for each segment. 

Ananda Hemp is their cannabinoid division, selling hemp derived extracts to the US market, with a separate wholesale division, Ananda Professional, catering to independent pharmacy chains in the US.  Ananda Foods is the hempseed-based division,…

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01.21.2025

UCO, tallow prices continue to rise

UCO, tallow prices continue to rise

Technical tallow traded higher on Tuesday January 21, up to 52 cents per lb Chicago, which closed the gap with edible tallow.

Bleachable fancy tallow (BFT) was quiet...

01.21.2025

Poultry by-product pet grade prices lower on winter weather effects

Poultry by-product pet grade prices lower on winter weather effects

Most US animal proteins traded in prices ranges on Tuesday January 21 that were steady from the preceding Friday.

Several market sources told Fastmarkets that limited trade volumes...

01.21.2025

Central Illinois soybean crush margins hit 8-month low

Central Illinois soybean crush margins hit 8-month low

In the week to Friday January 17, the soybean crush margin in Central Illinois decreased by 10.4% week on week and by 22.6% year on year, according to the...

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