Feed weekly outlook: Buyers not looking to make purchases

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MarketsFarm — Feed grain prices were beginning to soften as many buyers don’t have a major need to purchase from growers, said Nelson Neumann, senior trader for Agfinity in Stony Plain, Alta.

“There’s still obviously a demand, but buyers are pretty well covered for the February-March timeframe. That’s a window where a lot of growers are looking to sell before the road bans come in April,” he said.

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And that has led prices to soften before the roads do.

Feed barley prices on Agfinity.com ranged from $3.55 per bushel picked up in Mackenzie County to $4.65 picked up in Newell County.

In comparison, Prairie Ag Hotwire listed February feed barley for Alberta at $3.85-$5.01 per bushel delivered. For Saskatchewan the range was $3.41-$4.09 and in Manitoba, $3.94-$4.15.

Agfinity’s February-March feed wheat prices ranged from $4.50 in Mackenzie to $6.20 per bushel picked up in Athabasca County.

For all of Alberta, Prairie Ag Hotwire was $4.60-$6.40 per bushel delivered. Also, the website listed Saskatchewan from $5.09 to $5.75 per bushel and Manitoba was much narrower at $5.10-$5.15.

— Glen Hallick reports for MarketsFarm, a Glacier FarmMedia division specializing in grain and commodity market analysis and reporting.

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Glen Hallick - MarketsFarm

Glen Hallick writes for MarketsFarm specializing in grain and commodity market reporting.

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