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…
04.18.2024
Total RFS blending falls in March, domestic biodiesel blending increases
The Environmental Protection Agency (EPA) reported 1.66 billion gallons of renewable fuel blended within the nation’s transportation fuel pool during March. Blending was six percent below February and...
04.18.2024
EU UCO premium to US continues to grow
The US animal fats and oils market was mostly quiet on Thursday April 18, with a handful of price changes reported. Choice white grease (CWG) into the Missouri River...
04.18.2024
Ruminant meat and bonemeal price pressure in most regions
Price pressure was reported on several regions for meat and bone meal, ruminant and porcine items. Market sources said buyer pushback and light demand, with exception to the pet...