Feed Grains: USDA increases use of feed wheat with low prices
By Commodity News Service Canada
WINNIPEG, August 10 (CNS Canada) – Following are a few highlights in the Canadian and world feed grains markets on Wednesday, August 10.
– Due to the low price of wheat globally, the USDA increased the use of wheat as feed for livestock by nearly 300 million bushels, increased by 100 million bushels from the previous year, according to the World Agricultural Supply and Demand Estimates.
– Winter wheat harvest is nearing completion in South Dakota, according to the USDA. Winter wheat harvested was 92 per cent, ahead of 87 per cent last year and the five-year average of 81 per cent.
– Western Wyoming received frost in the week ending August 7, which may have hurt grain and alfalfa crops, according to reports.
– Feed barley in Western Canada remained steady with top prices of C$2.70 to C$4.18 per bushel, according to Prairie Ag Hotwire. Feed Wheat also remained steady with top prices ranging from C$5.25 to C$5.72 per bushel.
