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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07.26.2024

US Court of Appeals sends SRE decision back to EPA; soyoil prices tumble on potentially lower biofuel demand

US Court of Appeals sends SRE decision back to EPA; soyoil prices tumble on potentially lower biofuel demand

On Friday July 26, the US Court of Appeals vacated at least some of the blanket small refinery exemption (SRE) denials made by the Environmental Protection Agency (EPA) in...

07.26.2024

Animal fats and oils trade freezes following soybean oil market drop on SRE report

Animal fats and oils trade freezes following soybean oil market drop on SRE report

Trading in the animal fats and oils market was quiet on Friday July 26; the California yellow grease market the only one to rise, with prices up to 31-32...

07.26.2024

Porcine bloodmeal, Missouri River, moves higher week on week; June commercial cattle, hog slaughter

Porcine bloodmeal, Missouri River, moves higher week on week; June commercial cattle, hog slaughter

US animal protein prices were highly mixed in the week to Friday July 26, with limited trade on both Thursday July 25 and on Friday. Porcine bloodmeal was the...

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