Hemp producers operating in the two dozen states that have yet to develop a USDA approved plan are breathing a huge sigh of relief this morning. As are the state agencies who wondered if they had missed the boat on policy making for a hemp program. Yet another group, producers in New York, New Hampshire, Mississippi, Hawaii and Virginia had already accepted the fact that they’d be obtaining a USDA Hemp Producer license after their state’s decided to defer to the federal agency for hemp production oversight. The policy landscape in hemp impacts hemp prices, but not hemp pricing alone. For some, it will have a direct impact on productivity and profitability. A non-compliant crop, or portion thereof, can have dire consequences for farmers.
USDA is also likely celebrating the delay of implementation. After all, they’re just along for the ride, having received a mandate through the 2018 Farm Bill. The…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...