Feed weekly outlook: Prairie grains chopping around

(Photo courtesy Canada Beef Inc.)

CNS Canada — Dry subsoil moisture conditions and a lack of snow cover in southern Alberta and Saskatchewan continue to create worries for many farmers.

Conditions range from abnormally dry in many areas to full-on droughts around Regina and some areas south of Calgary, according to Agriculture and Agri-food Canada.

Feed barley bids in the key cattle feeding area of Lethbridge were $1 weaker during the week ended Jan. 19 to range from $219 to $224 per tonne, according to the latest pricing information from the provincial government. Feed wheat prices also softened slightly, coming in at $221-$223 per tonne in Lethbridge.

According to the latest information available from the Prairie Ag Hotwire, feed barley in Saskatchewan fell 10 cents over the past week to a range of $3.59-$3.75 a bushel. Next door in Manitoba, bids held steady at $3.63-$3.75.

Feed wheat prices in Saskatchewan rose five cents over the same period to a range of $4.40-$4.95 a bushel. Bids were roughly the same in Manitoba.

Oats went on a wild ride during the week, with an early rally giving way to profit-taking on Thursday. The March contract rose as high as US$2.78 a bushel on Wednesday before losing 17 cents the following day.

Bids for oats in Manitoba rose seven cents over the week. Prices were listed at $2.97 to $3.14 a bushel. Bids held steady in both Saskatchewan and Alberta. Saskatchewan bids came in at $2.53-$3.08 a bushel while Alberta’s were $2.40-$3.08.

In North Dakota, corn prices rose this week by four U.S. cents a bushel to a range of US$3.35-$3.75.

— Dave Sims writes for Commodity News Service Canada, a Glacier FarmMedia company specializing in grain and commodity market reporting. Follow CNS Canada at @CNSCanada on Twitter.


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