Organic CBD sales are trending higher, according to The Jacobsen. This scenario bodes well for organic hemp production. The number of organic hemp operations in the United States that describe themselves as organic surged over the past 2-years. Since the end of 2018, organic hemp operations have increased by 526% to 850, according to The Jacobsen. End-users are focused on several parts of the hemp market. The most significant catalyst is likely CBD. Once CBD fully enters the food and drink market in the U.S., CBD sales will likely explode. Until then, it’s a waiting game. Organic hemp producers have seen organic hemp prices tumble as supply still outpaces demand. Additionally, by-products such as organic hemp seed grain still cannot be used in animal feed. Hemp seed grain contains approximately 30-35% protein, making it a competitor to sunflower seeds but not a viable…
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.
11.22.2024
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...
11.22.2024
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...