Weekly Hemp Recap

Weekly Hemp Recap

Last Week’s Hemp Commentary 

Delta-8 THC Theoretical Demand

Determining actual demand in CBD isolate or CBD crude markets is not possible.  Many operators have understandably pivoted to gray ∆8-THC markets to cash flow considerable debt, or salvage their life’s savings.  The legal risk for operators isomerizing actual ∆8 is far greater than for CBD isolate transactions, which are THC free and almost universally free of risk.  

We know operators who have chosen to steer clear of ∆8 markets and many more who do not intersect with demand or have maintained their pricing levels too high to attract bargain hunters. ∆8 markets are somewhat competitive, with vape cartridges selling for $8-15/grams(g). 

There is so much diversity still in the extraction segment and it is not reasonable to make universal statements.  Not all ∆8 is produced from old stocks of isolate or crude. Extraction activity continues for…

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05.13.2024

US glycerin prices mostly steady amid increasing biodiesel production

US glycerin prices mostly steady amid increasing biodiesel production

Glycerin prices in the US were steady to slightly lower on Monday May 13. US biodiesel production has been increasing, boosting the supply of glycerin — a co-product of...

05.13.2024

Weekly cattle slaughter forecast to remain below 2023 levels into June

Weekly cattle slaughter forecast to remain below 2023 levels into June

US cattle slaughter
Fastmarkets research team forecast cattle slaughter at 630,000 head in the week to Saturday May 18, down by 1.61% compared with the same period in 2023.

05.13.2024

Six-week hog slaughter forecast to be flat or up from 2023

Six-week hog slaughter forecast to be flat or up from 2023

US hog slaughter
Fastmarkets research team forecast hog slaughter at 2.425 million head in the week to Saturday May 18, up by 0.75% from the same period in 2023.

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