Feed Grains: Hay quality dampened in Saskatchewan

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By Commodity News Service Canada

WINNIPEG, Nov. 25 (CNS Canada) – CORN futures on the
Chicago Board of Trade settled roughly a penny lower on Friday. The market felt pressure from a forecast from the International Grains Council which pegged the world corn crop at a staggering 1.042 billion tonnes. That is seven million tonnes more than the previous forecast.
The wet autumn has taken its toll on hay quality in Saskatchewan as just 65 percent of the crop was rated either good or excellent by the provincial government. Hay land and pasture topsoil moisture conditions were rated as 24 per cent surplus, 75 per cent adequate and one per cent short.

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According to UKragroConsult, the European Union has been exporting a sharply lower amount of barley this fall. Since the beginning of September, the EU has shipped out 1.46 million tonnes of barley, which is significantly behind last year’s total of 3.65 million tonnes.
Feed barley bids in the key cattle feeding area of
Lethbridge, Alberta were in the C$172 to C$175 per tonne range
as of November 18, which was up five dollars at the top end from
the previous week, according to the latest pricing information
from the provincial government. Top end feed wheat prices were
up three dollars at the bottom end of the range, coming in at
C$185 to C$190 per tonne in Lethbridge.

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