Feed Grain Weekly: Barley, wheat competing with U.S. corn

Glacier FarmMedia | Marketsfarm —Whereas United States corn futures have hit contract lows, feed barley and feed wheat costs in Western Canada stay aggressive.

Jim Beusekom, president of Market Place Commodities in Lethbridge, Alta., mentioned whereas shipments of U.S. corn had been lately priced at C$275 to C$280 per tonne in Lethbridge, feed barley costs ranged from C$265 to C$275, whereas feed wheat was C$260 to C$270.

Nevertheless, he added that demand for feed grains is at a seasonal low.

CFIA rejects beekeeper proposals on U.S. packaged bees

The CFIA was unconvinced that suggested measures could offset the risk of importing bee pests along with bulk bee replacement stock.

“Feedlots at this time of the yr have much less cattle round. As you possibly can see within the countryside, there are loads of cow-calf (pairs) on the market on grass fields and yearlings on grass fields,” Beusekom mentioned. “As soon as they get positioned (in feedlots) in October or November, we’ll see the cattle numbers come up a bit of later than regular this yr.”

Deliveries into feedlots are slowly declining as there may be much less grain out there and fewer cattle-on-feed.

“We’re ready for farmers to start out harvesting, so we now have new provide and we’re ready for extra demand from feedlots, which might take longer,” Beusekom mentioned. “It’ll take till late fall earlier than (feedlots) are at capability with cattle, in the event that they do get to capability.”

He additionally described crop situations in southern Alberta to be “common to wonderful”, except for rain-soaked pulse crops.

“(Crop situations) are 180 levels completely different from a yr in the past,” Beusekom mentioned.

Nevertheless, he added that harvest timing, harvest high quality, cattle feeders and export demand will decide feed grain costs over the subsequent few weeks.

Delivered feed barley costs in Alberta ranged from C$4.50 to C$6.42 per bushel on Aug. 6, down 22 cents from a month earlier. In Saskatchewan, costs ranged from C$4.50 to C$4.90/bu. (down 61 cents) and in Manitoba, they had been C$4.50 to C$4.92/bu. (down 43 cents).

Delivered feed wheat costs in Alberta had been from C$5.44 to C$8.16/bu., down 68 cents from the week earlier than. In Saskatchewan, solely C$6.88/bu. was reported (down 68 cents) and in Manitoba, costs ranged from C$6.67 to C$7/bu. (down 26 cents).