CBD Pet Segment Charges Ahead

CBD Pet Segment Charges Ahead

CBD Pet products are showing healthy retail demand.  There’s no limit to what doting pet parents will do for their four-legged children.   Veterinarians have embraced CBD as a helpful supplement for dogs in particular, and it has become a reliable revenue generator for many veterinary practices and specialty pet stores.  Research done by Nielsen late last year revealed that veterinarians were twice as likely as physicians to have awareness of CBD, ostensibly resulting in a higher rate of recommended use.

 

Major markets have embraced the product, as Petco announced in March the availability of CBD products in 700 of their stores found in 23 states.  PetSmart announced several weeks ago they will be carrying CBD products in 122 stores in 5 states. Many more independent pet stores are offering products, as are veterinary practices.  FDA policy for CBD in pet foods is…

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05.16.2024

Animal fat prices steady on limited volume traded

Animal fat prices steady on limited volume traded

Fastmarkets price assessment for edible tallow, fob Chicago was $52.00 cents per lb on 14 railcars, steady from $52.00 cent per lb on Wednesday May 15.

On Thursday,...

05.16.2024

Grain consuming animal units forecast lower for 2023/24, 2024/’25

Grain consuming animal units forecast lower for 2023/24, 2024/’25

Animal protein prices were steady on Thursday May 16.

Market sources reported an uptick in interest, but the upcoming Memorial Day holiday, lower prices for distiller dried grains...

05.16.2024

International animal fats and oils, May 16 2024

International animal fats and oils, May 16 2024

Market sources also reported that UCO traded at €1,065 per tonne on a DDP France basis, while deals for imported UCO were heard at $975 per tonne CIF Rotterdam,...

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