Weekly Hemp Recap

Weekly Hemp Recap

Last Week’s Hemp Commentary

Hemp Market Data is Aspirational

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.

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05.17.2024

Uncertainty with 45z tax credit may affect Q1 2025 biofuel contracts

Uncertainty with 45z tax credit may affect Q1 2025 biofuel contracts

The expiring BTC provides a one dollar per gallon blenders credit up front with an additional 30 to 40 cents of credit to producers on the backend. Crimson...

05.17.2024

Animal fat average prices rise week on week

Animal fat average prices rise week on week

Only light trade was reported for most of the week, with several market participants attending the Fastmarkets Biofuels & Feedstocks event in Chicago on May 13-15.

Fastmarkets’ price...

05.17.2024

Animal protein prices steady to lower week on week

Animal protein prices steady to lower week on week

US animal protein prices were steady to lower week on week on Friday May 17. Only light trade was reported for most of the week with several market participants...

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