Hempseed meal – also referred to as seedcake – is in a surreal regulatory no-man’s land. We refer to the by-product of hempseed crushing as meal, consistent with other agricultural crops. Hempseed meal isn’t an exotic feed ingredient, it is a valuable protein source that can supplant much or all of the soybean meal that comprises the vast majority of livestock feeds. It will also compete with other popular by-product protein components like cottonseed and sunflower meal if pricing dips below $300/ton. More research on hemp’s role in typical crop rotations could drive hemp production – and hemp pricing – considerably if findings are consistent with existing reports of hemp’s positive contribution to rotations.
The regulatory status of hempseed meal is a vestige of decades of prohibition. It just didn’t need to go through the resource…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
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Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
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Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...