Weekly Hemp Recap

Weekly Hemp Recap

Last Week’s Hemp Commentary 

EU Ruling on CBD is Market Driven

Week before last, the Court of Justice of the European Union (CJEU) ruled that a wholesale banning of CBD produced by other member states was unwarranted, and unnecessarily impeded markets.  The CJEU ruling is a response to French prosecution of 

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 directors, a company importing legal hemp-derived CBD from the Czech Republic.  Law enforcement has been hostile to CBD companies in France, making the CJEU ruling a watershed moment for French and EU CBD companies, and bodes well for global hemp prices. 

Unconstrained markets are a core value of the EU, and this recent court decision affirms that hemp derived CBD is lawful, and not classified as a narcotic.  The court…

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12.20.2024

45z guidance fails to appear; government scrambles to pass spending bill

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

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

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...

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