Feed Grains Weekly: Cash prices for wheat, barley largely flat
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Prices for feed barley and wheat will have to increase eventually says a broker. Photo: File
Glacier FarmMedia — Cash prices for feed barley and wheat continued to remain largely flat, said Susanne Leclerc of Market Master Ltd. in Edmonton.
“And very mixed in the direction they’re going,” Leclerc added.
She said some in the industry are saying the feedlots are full and feed prices are coming down, while other people indicated prices are largely unchanged.
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Leclerc said elevator prices are flat as well, but wheat prices have been pointing upward. That should lead to higher prices for feed wheat.
“They’re going to have to eventually buy it at a level where its comparable to where you can sell it elsewhere,” she said.
Feed prices were steady to higher across Western Canada, according to Prairie Ag Hotwire.
For the week ended April 1, feed barley gained seven cents in Alberta at C$5.01 to C$6.75 per bushel delivered and it added four cents in Manitoba at C$4.60 to C$4.75. Prices in Saskatchewan were unchanged at C$5.12 to C$5.45 bu./del.
As for feed wheat, prices were firmer, with the only increase in Manitoba of five cents at C$6.32 bu./del. Alberta was steady at C$5.97 to C$8.41 bu./del. and Saskatchewan held at C$7.30.
