Feed weekly outlook: Feed grain prices a mixed bag

Photo: Canada Beef Inc.

MarketsFarm – Feed grain prices reflected the mixed bag of harvest conditions across the Prairies, which produced feed grains of varying quality.

In particular, for feed wheat that came off the fields dry and in good condition, prices were around C$5.50 per bushel. However, there’s about a 50-cent discount for tough feed wheat, and moisture damage could lower the price further.

“A lot of feed wheat isn’t taking priority to get dried down, so it’s moving at a heavily discounted price,” said Nelson Neumann of Agfinity.

“We’re seeing a lot of tough grain on the market, with high moisture.”

Feed barley prices have been supported by strong demand and the potential that some acres may stay in the field until springtime.

“With that happening, I think that’s caused a spur in the pricing,” commented Neumann.

Supply chain issues have also supported barley prices. Since a lot of feed barley is shipped in from Saskatchewan, decreased trucking capacity made freight prices more expensive.

Feed barley prices were around C$220 delivered in Lethbridge.

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