Feed Grain Weekly: Barley still in demand at feedlots

Glacier FarmMedia | MarketsFarm — Demand for barley at feedlots continues to be sturdy amidst a fast seeding tempo in Saskatchewan, in line with a dealer.

Evan Peterson of JGL Commodities in Saskatoon stated there may be nonetheless a necessity for barley as cattle inside feedlots get greater.

“So we’re making an attempt to complete them out. Demand is staying sturdy, however guys are fairly well-covered on the shopping for aspect of it,” Peterson stated, including that whereas corn shipments are nonetheless coming in, barley is essentially the most in-demand feed grain.

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He anticipates barley costs to remain between C$315 to C$320 per tonne in Lethbridge for the subsequent few weeks, however shares are tightening.

Peterson estimated seeding progress across the Trans-Canada Freeway to be at round 90 per cent, however he urged that determine could come all the way down to 50 per cent as one travels north on Freeway 11 from Regina.

Well timed rains are wanted if there may be to be an honest barley crop within the province this 12 months, Peterson stated.

“We’ve had somewhat little bit of a shot, however plenty of areas are lacking the rain proper now. We have to see one thing kind right here to ensure that these final little ending shares to (be freed up),” he added.