Weekly Hemp Recap

Weekly Hemp Recap

Last Week’s Hemp Commentary 

Hemp’s Value Proposition attracts US Military

Among the vast spending powers of the US Government, national defense comprises about 10% of a $10 trillion annual budget, according to 

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.  The US government has long championed innovation in the defense arena, by funding company’s R&D through government programs that have had significant impact on a range of markets.  

The Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs are funding ongoing hemp fiber research for the purpose of incorporating hemp into military uniforms.  This is not a brand-new idea, it has been discussed occasionally since the passage of the 2018 Farm Bill in the public and private arena. 

From sbir.gov

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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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