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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02.04.2025
Chicago, Gulf animal fats and oils markets strengthen despite ongoing uncertainty
The US animal fats and oils markets were stable to higher on Tuesday February 4, as Chicago market activity saw a notable uptick throughout the day.
Six railcars...
02.04.2025
Light trade volume leaves most US animal protein prices flat
Light trade volume was reported in the US animal proteins markets for Tuesday February 4.
Ruminant meat and bonemeal, Missouri River, was reported as steady from Monday February...
02.04.2025
December US soybean crush, corn consumption up month on month
US soybean crush above monthly, yearly levels
Soybeans crushed for crude oil totaled 218 million bushels in December 2024, up by 7% from November and by 4% from...