U.S. hempseed imports declined from 2022 to 2023 by 12.6%. More precipitous declines from 2023 to 2024 depicted in the chart below do not reflect second half figures; data for 2024 is complete through June.
Declines in imports have been at least partially offset by an increase in domestic hempseed production. The National Hemp Report noted a reduction in hempseed acreage in 2023 but a considerable jump in yields – reportedly by 72.3%.
This massive increase in reported yields is more likely a data issue rather than being reflective of yield increases. The industry has rapidly grown, and information is becoming…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...