Feed Grains Weekly: Price likely to keep stepping back

Glacier FarmMedia | MarketsFarm – Because the harvest in southern Alberta presses on, a dealer mentioned that is without doubt one of the components pulling feed costs decrease within the area.

Darcy Haley, vice-president of Ag Worth Brokers in Lethbridge, added that decrease cattle numbers in feedlots, plentiful quantities of grass for cattle to graze and a lacklustre export market additionally weighed on feed costs.

Haley mentioned he not too long ago bought feed barley for C$260 per tonne for September-October supply. He quoted costs of C$265/tonne for November-December supply and C$270 January-February-March.

Feed wheat was priced at C$260/tonne for September-October supply and C$265 for October-November-December.

In talking with farmers, Haley mentioned dryland barley yields had been 80 to 90 bushels per acre, with wheat at about 50000 and durum round 45.

“For us, that’s a bumper crop,” he mentioned, noting upwards of seven inches of rain over southern Alberta saved this yr’s crops.

“Harvest was anticipated to start out through the first or second week of August. There it’s, the final week of August and we’re simply beginning to scratch the floor,” Haley mentioned.

With the supply of grass, he mentioned that can delay the autumn run of cattle heading to public sale, maybe into October.

In flip, that gained’t generate any elevated demand for feed grains till then and even November. In the course of the coming few months, Haley expects feed costs for barley and wheat to drop under C$250/tonne, which is the place they bottomed out final yr.

Costs for feed barley and wheat throughout western Canada had been largely regular to decrease through the week ended Aug. 28, reported Prairie Ag Hotwire.

Alberta noticed the largest decline in feed barley at 22 cents, which introduced them to C$4.50 to C$5.99 per bushel delivered. Barley dipped 4 cents in Saskatchewan at C$4.50 to C$4.75/bu and nudged up two cents at C$4.25 to C$4.59.

As for feed wheat, the was a 27-cent drop in Alberta with the provincewide vary at C$5.44 to C$7.62/bu. delivered. Saskatchewan and Manitoba had been unchanged with C$6.88/bu. in Saskatchewan and C$6.40 to C$7.00 in Manitoba.

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