High commodity prices will have a considerable impact on planting decisions again in 2022. In the first year of hemp production, in 2019, it was touted as a remedy for depressed farmgate prices for major crops. This is no longer the case.
In 2021 we observed a contraction of hempseed production, while hempseed prices remained level. Commodity pricing is not the only factor influencing planting decisions. Crop rotations are fundamental to well-managed farms, and hemp offers a compelling opportunity as a soil-building cash crop. Climate smart agricultural policy will provide even more impetus for farmers to try new crops.
Hempseed meal is currently traded on gray markets and utilized by producers as an economical alternative – or complement to – current protein sources. Canola and sunflower meal are also in demand, creating an ideal scenario for livestock operators in the Northern Plains to utilize more hempseed meal…
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...