Feed weekly outlook: Prices plateauing

MarketsFarm — While prices for feed grains have risen over the last month along with several other commodities, they’ve now declined a little bit, according to Erin Harakal, senior trader with Agfinity in Stony Plain, Alta.

“For short-term movement like November-December we’ve seen them come off the most compared to the late-January/early-March time frame,” she said.

Harakal said she’s seen strong price increases over the last two weeks, thanks to good demand. However, as of Wednesday, those prices have retreated a little.

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She quoted feed barley and wheat at $260 per tonne Lethbridge delivered. That works out to $6.24 per bushel for barley and $7.80 for wheat.

Prairie Ag Hotwire reported prices for feed barley and wheat were remained steady from Tuesday to Wednesday. Barley in Alberta was $4.25-$5.99 per bushel delivered, with Saskatchewan at $4.13-$4.70 and Manitoba at $3.40-$4.25.

Prairie Ag Hotwire indicated barley has been steady in Saskatchewan since Oct. 21, while Manitoba and Alberta had gains of 48 and 22 cents/bu. respectively.

Feed wheat in Alberta was $5.44-$7.21/bu. delivered, seeing gains of 44 cents since the previous Wednesday. Prices were up a dime in Saskatchewan at $5.73-$6.04 and Manitoba had an increase of 28 cents at $5.35-$6.30/bu.

— Glen Hallick reports for MarketsFarm from Winnipeg.

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