Feed Grain Weekly: Farmers still waiting on pasture

Glacier FarmMedia | MarketsFarm — Whereas some cattle have already been put to pasture for the summer time, Susanne Leclerc of Market Grasp Ltd. in Edmonton mentioned there’s nonetheless some shopping for exercise for feed grains.

“It looks like we have now a few consumers who’re getting somewhat extra aggressive in shopping for some feed grains for the summer time months,” Leclerc defined. “It looks like you simply really want to buy round as a result of there’s such differential between so many consumers on the market.”

She added that deliveries are nonetheless going sturdy in feedlots, with many farmers in Alberta ready for extra moisture and progress earlier than letting their cattle graze.

“Consumers are somewhat involved (about) needing extra rain and pastures are diversified throughout, however not spectacular,” Leclerc mentioned.

Barley and corn are nonetheless the 2 grains of selection at feedlots, she mentioned. How a lot they are going to price will likely be decided by climate situations within the coming weeks.

“It relies upon if we get a few of the rains which are anticipated or not. It’s very a lot going to be a climate market relying the way it performs out.”

Delivered feed barley costs in Alberta ranged from C$5.12 to C$6.97 per bushel as of Could 28, up seven cents from the month earlier than, Prairie Ag Hotwire reported. In Saskatchewan, the vary was C$5.25 to C$5.50/bu., up 20 cents, whereas in Manitoba, feed barley price between C$5.19 to C$5.35/bu., up 19 cents.

Delivered feed wheat costs in Alberta have been C$7 to C$8.98/bu. for a month-to-month acquire of eight cents. Saskatchewan noticed a rise of 5 cents/bu. with costs starting from C$7.50 to C$7.95. In Manitoba, the one worth reported was C$7.24/bu., up two cents from final month but additionally up 12 cents from final week.

---

You’ll additionally obtain business and coverage data, multi functional handy electronic mail delivered proper to your inbox!

One electronic mail delivered 6 days per week for ranchers, feedlots, packers and livestock gross sales operators.