Weekly Hemp Recap

Weekly Hemp Recap

Last Week’s Hemp Commentary

North Carolina Fiber Hemp Segment Builds Momentum

The Southeast is emerging as a hotbed of hemp textile activity, with the expected unfolding of a value chain picking up momentum.  At the Industrial Hemp Summit yesterday in Research Triangle Park area of North Carolina, we saw the field deepening in terms of professionals populating various aspects of a value chain, starting at the farm level, and running right through a series of essential processing steps like degumming, spinning, and weaving.  

North Carolina hemp producers had an excellent crop in 2021, harvesting several tons/acre on Gary Sykes farm in Eastern North Carolina.  Nebraska-based Bish Enterprises laid the crop down with one of their specialized 3-pt./ pull-behind harvesters.  The machine is a multi-gang sickle bar design with some clever features, like independently driven hydraulic cutters and transport capability for…

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04.19.2024

Reduced March RIN production not leading to higher RIN Prices

Reduced March RIN production not leading to higher RIN Prices

Total March biofuel RIN production was 1.9 billion RINs, which was 6% below February and 15% below December’s RIN output of 2.25 billion. December had the largest monthly production...

04.19.2024

CWG, YG higher on week, UCO, DCO down again

CWG, YG higher on week, UCO, DCO down again

The market was quiet heading into the weekend. Used cooking oil (UCO) traded in large volume into the Gulf at 40 cents per lb delivered in the truck market.

04.19.2024

Price pressure on ruminant and porcine items for the week

Price pressure on ruminant and porcine items for the week

Sloppy markets were reported for porcine and ruminant items at the close of week ending Friday April 19.

Wide ranges were witnessed on porcine bloodmeal (BM), with a...

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