We’ve discussed the role of government purchasing in advancing hemp markets. The purchasing power of the Federal Government gives key agencies a powerful tool for market development. Contract spending in 2020 was more than $665 billion, a $70 billion increase from 2019. Half of this was COVID related for medical supplies and pharmaceuticals, according to the
Government contracts cover everything from guided missiles to power bills. To see the Federal Government’s impact on innovation, one need only look at the defense sector, where the US leads the world in developing sophisticated tech for deterrence and readiness. To see the impacts on markets, the strategic oil reserve is an example, providing an effective lever to control energy markets to some extent.
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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...