Organic hemp seed grain prices have continued to trend lower and have had a difficult time gaining traction. One of the issues is that Organic hemp seed grain is not commercially legal to use in organic feed, and therefore the meal cannot be used in feed. Organic hemp seed grain is generally grown in the region where it will compete directly with organic sunflower meal which is the northern plains. Organic hemp seed grain prices have declined from close to 1.20 per pound down 6% over the past 6-months declined to 1.12 per pound.
While organic sunflower meal has a strong human consumption outlet for organic sunflower oil, organic hemp seed oil has less demand. Of the 39,000 products that are listed in The Jacobsen’s branded product database, there are only 2-companies that sell products that contain…
04.15.2024
Soybean oil stocks climb as soybean crush reaches record high
The National Oilseed Processors Association (NOPA) reported the March soybean crush at an all-time high of 196.406 million bushels. This was largest crush on record, outpacing by 0.55%,...
04.15.2024
Soybean oil market adds negative pressure to DCO market
Distiller’s corn oil (DCO) traded in a range of 45.5 - 46 cents lb delivered US Gulf today on what was otherwise a quiet trading day.
The lower...
04.15.2024
Hog slaughter forecast lower into May
Market sources reported no trades outside the previously set ranges for animal proteins in the US for Monday April 15.
For the week ending April 20, 2024, hog...