Feed weekly outlook: Bids pressured by lower demand

feedlot
(Photo courtesy Canada Beef Inc.)

MarketsFarm — Feed grain prices have remained soft, as feedlots in Western Canada are covered for the foreseeable future.

Last week, prices for feed barley and feed wheat delivered in Lethbridge were around $230 per tonne, but have come down by about $10 since then, according to Allan Pirness of Market Place Commodities.

While these soft prices are somewhat seasonal, feed grains that were left to overwinter may drive prices down further when the fields are harvested in the springtime. That may result in a supply glut until feedlots are actively seeking more feed.

Demonstrations across Canada have impeded rail traffic, stopping or slowing both freight and passenger trains in support of the Wet’suwet’en Nation in British Columbia. If the demonstrations continue, feed barley prices could take a hit.

— Marlo Glass reports for MarketsFarm from Winnipeg.

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