Feed weekly outlook: Buyers’ thoughts turn to April-June

(Photo courtesy Canada Beef Inc.)

MarketsFarm — Attention on feed grains is shifting away from February-March and focusing on the April-June period, according to Erin Harakal, senior trader at Agfinity at Stony Plain, Alta.

Their buyers have February-March pretty much covered, she said.

Demand continues to be driven by exports to China, she added, with Prairie feedlots required to keep up in order to maintain their supplies of wheat and especially barley.

“There’s not too much corn, but it’s being used to make up for barley.”

Prices at Agfinity have barley at $298 per tonne delivered for Lethbridge’s feedlot alley, with wheat slightly lower at $287 per tonne, Harakal quoted.

Feed prices across the Prairies have been steady to higher, according to Prairie Ag Hotwire. In Alberta, barley has risen by 33 cents per bushel, ranging from $4.75 to $6.75/bu. delivered. Manitoba had a small gain of six cents, with prices there from $4.50 to $4.96. Meanwhile, in Saskatchewan, prices remained steady at $4.75-$5.10.

Feed wheat in Alberta saw a rise of 27 cents, bringing the prices to $5.50-$8.30/bu. delivered. However, in Saskatchewan and Manitoba, wheat held steady at $5.45-$6.75/bu. and $6.73-$6.80 respectively.

— Glen Hallick reports for MarketsFarm from Winnipeg.

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