Weekly Hemp Recap

Weekly Hemp Recap

Last Week’s Hemp Commentary

 

Product Testing for Safety and Accuracy

 

Safety testing of ingestible cannabinoid products is essential to the long-term health of the industry.  In May, a Florida company recalled lead tainted product discovered through the Florida Department of Agriculture and Consumer Services (FDACS) newly instituted random testing of retail CBD products. Last week, FDACS announced that a number of other contaminated products were discovered by their efforts.  The contamination was said to be of “toxic waste” proportions, with up to 18ppb of lead, over 3 times that allowed.  Neither brands nor product types were included in the announcement, but the official in charge of Florida’s hemp program, Holly Bell, speculated that glass bottles and droppers – typically sourced from China – were suspect. …

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11.22.2024

Biodiesel margins rise, but window of opportunity limited

Biodiesel margins rise, but window of opportunity limited

Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.

11.22.2024

Gulf prices average higher despite weeklong declines in SBO

Gulf prices average higher despite weeklong declines in SBO

For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...

11.22.2024

Bloodmeal largest price mover week on week; November cattle on feed higher

Bloodmeal largest price mover week on week; November cattle on feed higher

US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...

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