Weekly Hemp Recap

Weekly Hemp Recap

Last Week’s Hemp Commentary

Hemp Flower a Boon to Small Farmers

These early days of hemp production, processing, and marketing are very much a time of experimentation.  Cannabinoid production started with labor intensive methods in a spectrum ranging from row crop or tobacco style production to orcharding or Christmas tree production models.  Essentially various flavors of high-labor production, paired with falling hemp prices. 

Flower production is high labor, but for producers locked into current trade flows, it pencils out nicely with returns exceeding $150,000/acre or more.  Much more, in some cases.  These figures are based on 1000 lbs. marketable flower/acre, at $150/lb. wholesale pricing.  Greenhouse yields can easily exceed 30 grams/ft2, the equivalent of nearly 3000 lbs./acre, or $525,000/acre, using $175/lb. wholesale pricing. 

The question really is what…

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03.27.2024

Illinois Legislation Aims to Create a Clean Transportation Standard

Illinois Legislation Aims to Create a Clean Transportation Standard

Illinois is looking to become the fifth sate to create a clean fuel transportation standard. The Illinois version, if passed, may not be as robust as the ones...

03.27.2024

Sellers see steady to higher prices on interior market trades

Sellers see steady to higher prices on interior market trades

Distiller’s corn oil (DCO) traded higher into the Manly, IA market today, topping out at a high of 47.75 cents lb. Trading into the Gulf and on an FOB...

03.27.2024

Aprill broiler slaughter forecasted below 2023

Aprill broiler slaughter forecasted below 2023

The proximity of the extended Easter holiday weekend kept some participants off the market at mid-week, leaving values generally steady.

Poultry by-product pet grade was reported lower in...

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