The USDA’s
Other noteworthy metrics are the some of the market size estimates in key states like Oregon and Colorado. Total market value in these states is estimated at nearly $250 million and $6.5 million, respectively. According to this report, Oregon’s production value eclipses Colorado’s and is nearly 4 times the value of California’s. The chart below illustrates the gap between the two major hemp markets.
The USDA estimates that 8% of hemp producers…
09.06.2024
Signs of US economic downturn send ULSD prices to 3-year low
Shifting economic conditions are raising the possibility of a US recession. The US Bureau of Labor Statistics (BLS) released the jobs report on Friday September 6, which showed that...
09.06.2024
US fat market slides on pressure from soybean oil, energy complex
Used cooking oil (UCO), distillers’ corn oil (DCO) and yellow grease all traded lower on Friday September 6 due to pressure from the sinking heating oil and soybean oil...
09.06.2024
Sluggish trade volume keeps weekly animal protein prices flat
US animal protein prices were steady on Friday September 6, with market participants indicating light traded volumes for products.
Weekly wrap-up
Prices for US animal proteins were little...