Weekly Hemp Recap

Weekly Hemp Recap

Last Week’s Hemp Commentary 

Data Collection Key for Advancing Hemp Sector

The mass influx of young people to agriculture is unprecedented.  Hemp has inspired a new generation of farmers that are finding their way to agriculture via numerous pathways.  Some are leveraging their inheritance or savings; others are returning home to cultivate ground owned by their families.  Hemp has also been attractive to existing farm kids, and helped to inspire some of their parents, and even grandparents.  Hemp prices have been a barrier to short-term growth, but long-term projects that are congruent with a farm’s overall plans may offer attractive income diversification. 

For scaled production agriculture, hemp is appealing for different reasons than to a small farmer.  Emerging industrial segments offer a promising new element for crop rotations, and savvy…

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04.26.2024

P66 Rodeo to begin producing SAF in Q3

P66 Rodeo to begin producing SAF in Q3

Phillips 66 brought its long-awaited Rodeo Renewable Energy Complex online during the first quarter of 2024, but it is not producing sustainable aviation fuel (SAF) yet, the company said...

04.26.2024

Slower Gulf demand weighs on animal fats market

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Limited volumes of choice white grease traded at steady prices on Friday April 26, while trading was very quiet outside of the choice white grease market.

Price direction in...

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Porcine bloodmeal FOB Missouri River price drops week on week

Porcine bloodmeal FOB Missouri River price drops week on week

Limited trade was reported on Friday April 26 for US animal proteins, while prices widened downward.

Fastmarkets assessed bloodmeal, porcine, fob Iowa/Missouri/Nebraska at $1,025-1,150 per short ton on...

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