Glacier FarmMedia | MarketsFarm – Feed prices in Alberta climbed 20 cents per bushel the week ended Aug. 29, according to Susanne Leclerc of Market Master Ltd. in Edmonton.
“We are seeing feed prices start to creep up. I think it’s because of the rail disruptions and stuff like that,” Leclerc commented. ”There definitely are some market opportunities to take advantage of right now.”
There was a brief period of chaos among Canada’s two largest railways after they locked out approximately 9,300 union members. In turn the union issued strike notices, but the Canada Industrial Relations Board imposed binding arbitration to resolve the labour dispute.
Read Also
U.S. livestock: Cattle, hogs rise
Chicago cattle and lean hog futures continued to climb on Wednesday.
Leclerc said November-December pricing is 30 cents per bushel more than prices for September-October.
“Who knows what the markets will bring next week,” she pondered.
She quoted feed barley for September-October at C$4.80/bu. delivered in the Edmonton area, with that for November-December at C$5/bu.
As for feed wheat, Leclerc placed it at C$7 per bushel picked up in the yard in the Red Deer/Edmonton area, with number one wheat at C$7/bu. delivered.
“The feed wheat markets is a little more aggressive than the number one market,” she said.
When it came to the province’s grain harvest, Leclerc stated “We are seeing a lot of pockets of lightweight grain in Alberta. The monster crop everyone was anticipating seems to be very patchy.”
