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Weekly Hemp Recap

Alexandra Watts | 01.30.2024

Last Week’s Hemp Commentary

USDA Hemp Survey Launches

The USDA’s National Hemp Survey is live for 2024, facilitated by the National Agricultural Statistics Service (NASS). The Hemp Production and Disposition Inquiry was sent to 6,000 producers on January 19, polling for data on acreage planted and harvested, crop yields, and marketing values.

NASS noted in their

Membership required to view content. last week that the total value of production in 2022 was $238 million, from 28,314 planted acres that resulted in 18,251 harvested acres.

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05.17.2024

Uncertainty with 45z tax credit may affect Q1 2025 biofuel contracts

The expiring BTC provides a one dollar per gallon blenders credit up front with an additional 30 to 40 cents of credit to producers on the backend. Crimson...

05.17.2024

Animal fat average prices rise week on week

Only light trade was reported for most of the week, with several market participants attending the Fastmarkets Biofuels & Feedstocks event in Chicago on May 13-15.

Fastmarkets’ price...

05.17.2024

Animal protein prices steady to lower week on week

US animal protein prices were steady to lower week on week on Friday May 17. Only light trade was reported for most of the week with several market participants...

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Weekly Hemp Recap

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