The hemp fiber segment will take years to develop the necessary infrastructure, logistics, and markets. Thinking in 5- or 10-year increments is realistic, assuming the industry continues at the current pace developing products, processing, and manufacturing capacity. This also assumes no progressive federal policy to help incubate the segment or strengthen hemp prices. States may also have a hand in helping to stimulate market growth, but timing is tough for state budgets. Nonetheless, states like North Carolina have a significant pot of funds obtained from the 1998 Master Settlement Agreement with tobacco companies. These funds are administered through groups such as the
The Golden Leaf Foundation’s impacts…
11.22.2024
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
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
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...