Weekly Hemp Recap

Weekly Hemp Recap

Last Week’s Hemp Commentary

Florida Legislators Target Hemp-derived Cannabinoids

Florida is one of the latest states poised to shut down the intoxicating hemp-derived cannabinoid market. The Florida House voted yesterday to adopt the legislation that would reclassify isomers like delta-8 THC as non-hemp substances.

Proponents of the bill cite increased community safety, especially from provisions that forbid companies from marketing products that are appealing to children. Many of these are virtually identical to commonly available candies in the marketplace. 

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11.22.2024

Biodiesel margins rise, but window of opportunity limited

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

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

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...

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