Feed Grains Weekly: Prices in holding pattern

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(Photo courtesy Canada Beef Inc.)

Glacier FarmMedia | MarketsFarm — Feed prices on the Canadian Prairies are likely to remain steady for the time being, said Brandon Motz, a manager at CorNine Commodities in Lacombe, Alta.

“Feed prices are kind of in a holding pattern,” said Motz. “There’s lots of supply, there doesn’t appear to be lots of demand at the moment.”

With that, Motz noted feedlots appear to be well covered and business simply comes down to “wait and see.” He placed feed barley prices at C$260 to C$265 per tonne delivered Lethbridge for March-April-May.

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He was reluctant to give prices for feed wheat since there has been so little business for it. And with barley prices less than those for corn, he believes there isn’t a lot of corn coming in from the United States.

Motz said it comes down to feeders waiting to see if they can purchase barley at the price they want or bring in U.S. corn.

Western Canadian feed prices

Prairie Ag Hotwire reported feed barley and wheat prices were largely steady across Western Canada for the week ended Oct. 22, with the only gains in Manitoba.

Feed barley was up 13 cents in Manitoba at C$4.00 to C$4.32 per bushel delivered. Saskatchewan prices held at C$4.25 to C$4.75/bu. delivered with Alberta remaining at C$4.35 to C$5.60.

In Manitoba, feed wheat tacked on two cents at C$5.65/bu. delivered. Saskatchewan was unchanged at C$6.88/bu. delivered with Alberta steady at C$5.46 to C$7.25.

About the author

Glen Hallick

Glen Hallick

Reporter

Glen Hallick grew up in rural Manitoba near Starbuck, where his family farmed. Glen has a degree in political studies from the University of Manitoba and studied creative communications at Red River College. Before joining Glacier FarmMedia, Glen was an award-winning reporter and editor with several community newspapers and group editor for the Interlake Publishing Group. Glen is an avid history buff and enjoys following politics.

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