Feed Grains: US meat production rising

By Commodity News Service Canada

WINNIPEG, Dec. 12 (CNS Canada) – Canadian farmers have delivered 889,700 tonnes of barley into the commercial pipeline as of December 4, which is up slightly from the year-ago pace, according to Canadian Grain Commission data.

In other feed grain related news, the USDA recently raised its projections for beef production in the US to 26 billion pounds in 2017. That would be up by 800 million pounds from 2016 and the highest in over five years. However, pork production is expected to be down slightly on the year.

Corn futures at the Chicago Board of Trade managed to settle with small gains on Monday, after posting losses for most of the session. Gains in crude oil accounted for some of the strength in the ethanol-linked grain.

Feed barley bids in the key cattle feeding area of Lethbridge, Alberta were in the C$170 to C$175 per tonne range as of December 9, which was relatively steady compared to the previous week, according to the latest pricing information from the provincial government. Top end feed wheat prices were also steady, at C$189 to C$190 per tonne in Lethbridge.

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