MarketsFarm — When Alberta was dry, feed prices drew little interest according to Susanne Leclerc of Market Master Ltd. in Edmonton. But that changed after some timely rains, with prices on the rise.
“There’s more demand than we have seen in a while,” Leclerc said. “When crops were looking crappy and people were worried about writing them off, there was not really much action. Now that’s it’s rained, prices have gone up.”
She also stressed the recent spike in commodity prices in the United States influenced the increases in feed grain prices, especially with dry conditions across much of the Corn Belt.
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“Barley has increased by 20 to 30 cents per bushel. Gradable wheat is up almost $1 in 10 days,” Leclerc said.
“There have been some really big changes out there. People do need to be getting a price on their grain,” she said, stressing farmers must check their bins for quantity and quality.
She said Market Master was at $8.20-$8.25 per bushel for feed barley picked up, and around $10.50/bu. for feed wheat, while oats were at $4/bu.
Meanwhile Prairie Ag Hotwire reported a 15-cent uptick in feed barley across Alberta during the week, at $7-$9.12/bu. as of Wednesday. Prices in Saskatchewan lost 25 cents at $7-$7.50/bu. and there was a dip of four cents in Manitoba at $6.50-$6.98.
Feed wheat prices added 11 cents in Alberta with delivered prices at $8.30-$11.32/bu. Manitoba saw a 14-cent upswing which put prices at $9.42/bu. while they were steady in Saskatchewan at $8-$10/bu.
— Glen Hallick reports for MarketsFarm from Winnipeg.
