Weekly Hemp Recap

Weekly Hemp Recap

Last Week’s Hemp Commentary

Hemp Investment Increases 215 Percent in 2023

Hemp companies face considerable headwinds to achieving profitability.  Broader economic conditions are partly responsible.  Costs have increased, consumer discretionary income has shrunk, and the cost to borrow money has soared following rate increases by the Federal Reserve.

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10.30.2024

P66’s renewable segment reports Q3 earnings loss of $116 million

P66’s renewable segment reports Q3 earnings loss of $116 million

On Tuesday October 29, Phillips 66 (P66) reported a third-quarter pre-tax loss of $116 million for its renewable fuels segment. The loss compares unfavorably to the $22 million profit...

10.30.2024

US technical tallow, CWG prices decline; DCO production reaches two-month high

US technical tallow, CWG prices decline; DCO production reaches two-month high

Fifteen railcars of technical-grade tallow traded lower on Wednesday October 30 at 48 cents per lb on a Chicago basis. Additional deals were discussed throughout the day at even...

10.30.2024

Avian flu hits 142 dairy cattle herds in California in last 30 days

Avian flu hits 142 dairy cattle herds in California in last 30 days

US animal protein prices were steady to lower on Wednesday October 30, with ruminant and porcine products rangebound for the day.

Fastmarkets assessed poultry by-product meal pet food,...

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