Organic hemp seed grain prices have continued to trend lower and have had a difficult time gaining traction. One of the issues is that Organic hemp seed grain is not commercially legal to use in organic feed, and therefore the meal cannot be used in feed. Organic hemp seed grain is generally grown in the region where it will compete directly with organic sunflower meal which is the northern plains. Organic hemp seed grain prices have declined from close to 1.20 per pound down 6% over the past 6-months declined to 1.12 per pound.
While organic sunflower meal has a strong human consumption outlet for organic sunflower oil, organic hemp seed oil has less demand. Of the 39,000 products that are listed in The Jacobsen’s branded product database, there are only 2-companies that sell products that contain…
11.21.2024
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
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
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...