The 2023 National Hemp Report was released Wednesday April 17 by the USDA’s National Agricultural Statistics Service (NASS). The report estimates industrial hemp production value at $291 million, a 22 percent increase over 2022.
Floral hemp production increased 18% over 2022, from 6.78 million lbs. to 8.03 million lbs. Total area for floral production increased by 4% in 2023. Fastmarkets believes that THCA flower markets helped to drive production increases last year and expects marginal increases again in 2024 based on current demand.
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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...