Pulse Canada is now publishing feed pea benchmark prices for Western Canada. “These feed pea benchmark prices are a transparent, unbiased and reliable pricing reference for the industry,” says Jeff Bond, director of the Feed Pea Network for Pulse Canada.
Each week, the benchmark prices provide estimates for the intrinsic feeding value of dry peas in central Alberta (Red Deer and area), central Saskatchewan (Saskatoon and area) and southern Manitoba (Winnipeg and area) based on a standardized least-cost swine feed formulation.
It represents the price at which peas start to become an economically feasible feed ingredient for hogs. The benchmark value may be higher or lower than farmgate values, similar to a basis value.
Pulse Canada will be hosting an Internet-based seminar on the benchmark March 25 at 1:00 p. m. CST. For more information go to: www.pulsecanada.com.