Weekly Hemp Recap

Weekly Hemp Recap

Last Week’s Hemp Commentary

Hempseed a Boon to Aquaculture?

Hempseed has long been known to contain a robust fatty acid profile, with Omega-3 and Omega-6 fatty acids occurring in levels that exceed common fish-derived supplements.  This trend fueled considerable exports to S. Korea from Canada.  

Exports to S. Korea exceeded 4000 metric tons (mt) in 2016 and fell by 84% in 2017 as Korea pivoted to China for low-cost hempseed requiring less transport than hempseed sourced from North America. 

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The high levels of Polyunsaturated Fatty Acids (PUFA) in hempseed afford considerable benefit to livestock.  Soybean oil is a common ingredient in livestock diets.  

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11.21.2024

Domestic US biodiesel blending helps lift October RFS RIN production

Domestic US biodiesel blending helps lift October RFS RIN production

US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...

11.21.2024

CWG trades lower as broader animal fats markets hold steady

CWG trades lower as broader animal fats markets hold steady

The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...

11.21.2024

October commercial cattle, hog production above 2023

October commercial cattle, hog production above 2023

US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...

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