Weekly Hemp Recap

Weekly Hemp Recap

Last Week’s Hemp Commentary

Climate Wake-up Call

The U.N. Intergovernmental Panel on Climate Change (IPCC) released a 

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 last week that offers a stark glimpse at a global crisis that is spinning out of control.  The report draws on over 14,000 peer-reviewed studies that “unequivocally” demonstrate the scope of the crisis. 

Climate change is no longer an abstract concept that exists somewhere in the future.  Fires are creating their own weather as a result of the magnitude of the Dixie and Bootleg fires in California and Oregon.  The National Weather Service in Medford, OR is warning residents of “excessively hot, very unstable and dry air”.  The 5-day outlook below, from Maxar’s Weather Desk shows the next heat dome occupying the PNW, indicating the departure from average in degrees F:

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05.13.2024

US glycerin prices mostly steady amid increasing biodiesel production

US glycerin prices mostly steady amid increasing biodiesel production

Glycerin prices in the US were steady to slightly lower on Monday May 13. US biodiesel production has been increasing, boosting the supply of glycerin — a co-product of...

05.13.2024

Weekly cattle slaughter forecast to remain below 2023 levels into June

Weekly cattle slaughter forecast to remain below 2023 levels into June

US cattle slaughter
Fastmarkets research team forecast cattle slaughter at 630,000 head in the week to Saturday May 18, down by 1.61% compared with the same period in 2023.

05.13.2024

Six-week hog slaughter forecast to be flat or up from 2023

Six-week hog slaughter forecast to be flat or up from 2023

US hog slaughter
Fastmarkets research team forecast hog slaughter at 2.425 million head in the week to Saturday May 18, up by 0.75% from the same period in 2023.

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