Feed weekly outlook: Prices stronger after harvest

Barley. (Photo courtesy Canada Beef Inc.)

MarketsFarm — Feed grain prices have been higher as the harvest has concluded across most of the Canadian Prairies.

“It feels like last week and this week, the harvest has wrapped up in many areas,” said Allen Pirness, a trader with Market Place Commodities in Lethbridge.

“That should switch the focus for getting the crop off the field to marketing it.”

Prices have been around $225 per tonne for feed wheat and barley delivered to the Lethbridge area.

“That’s up from previous weeks,” Pirness said, noting strong elevator bids outside of the Lethbridge region are keeping prices competitive.

“We’re seeing a lot of elevator bids, which is keeping the price up,” he said.

“It’s tougher to bring grain into the area from further away.”

— Marlo Glass reports for MarketsFarm from Winnipeg.

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