Glacier FarmMedia | MarketsFarm — Prices for feed grain are “grinding higher” said Evan Peterson, trader with JGL Commodities in Saskatoon.
“They’re not going to go soaring higher,” Peterson added.
He said more cattle are going into the feedlots, leading to an upswing in demand for feed grains.
“We’re starting to see a little more demand creeping into southern Alberta,” Peterson said.
Lethbridge is home to a number of feedlots and the city is also known as “feedlot alley.”
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Feed barley has increased from C$250 to C$255 per tonne delivered Lethbridge to now C$260 with prices trying to push higher a little bit more.
Another factor in the recent upticks have been the farmers, Peterson said.
“Farmers sold pretty heavy off of the combine. That created some decent cash flow and now they’re sitting back waiting for the next little bump up in the market,” he explained, adding increased export sales and the potential for more has also pushed up Prairie feed prices.
Barley, wheat prices
Prairie Ag Hotwire reported for the week ended Nov. 5, that feed barley prices were steady to lower. They held firm in Saskatchewan at C$4.46 to C$4.75 per bushel delivered. But in Manitoba they dipped six cents at C$4 to C$4.30/bu. delivered and shed four cents in Alberta at C$4.35 to C$5.66.
As for feed wheat, prices were steady to higher, seeing a upswing of 10 cents in Alberta at C$5.94 to C$7.35 bu. delivered. Those in Manitoba and Saskatchewan were unchanged at C$5.72 to C$7.35/bu.
Over the course of the last 30 days, feed prices have been steady to higher.
