Organic hemp prices have stabilized in 2020 after falling in 2019 in tandem with conventional hemp seed prices as demand collapsed. The perceived demand never really materialized as CBD consumption did not explode and has yet to keep up with production.
In the wake of the US 2018 Farm Bill, Hemp became legal, which led to a supply glut that has weighed heavily on prices. The Jacobsen has been tracking Hemp prices including organic hemp prices since 2019 and has seen a cratering of prices as farmers estimated short-term demand incorrectly. As the shakeout unfolds the industry will be looking for another outlet that could allow agriculture to sell hemp products outside CBD, textiles, and clothing.
It appears that a US group is seeking approval of hemp seed meal for chickens. There are several hurdles including the approval that is still needed to use hemp products for animal feed in the US. The Hemp Feed Coalition which is the organization applying,…
01.09.2025
Additional 45z guidance expected on January 10
Information addressing the Bipartisan Infrastructure Law (BIL) and the Inflation Reduction Act (IRA) is expected to be released on Friday January 10, according to several sources speaking with...
01.09.2025
Prices for US animal fats and oils unchanged; market tightness persists
The US animal fats and oils markets were unchanged on Thursday January 9, as trade slowed following an active start to the week.
Participants continued to report stable pricing in...
01.09.2025
Averted ILA port strike eases animal protein market tension; November dog, cat food exports rise
US animal protein prices were steady on Thursday January 9. With the International Longshoremen’s Association (ILA) port strike avoided, sources expect unease to diminish to a degree. However, trade...