The value of major hemp market segments is inflated in this year’s National Hemp Report, published by USDA National Agricultural Statistics Service (NASS). The values are purely reflection of survey response, and respondents continue to submit values that are more aspirational than operational.
We noted in previous commentary that the acreage figures in the NASS report should be a more accurate representation of production since the data is collected well after harvest. FSA data is collected shortly after planting.
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11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...