Feed weekly outlook: Prairie wheat, barley prices still look good

U.S. feed corn imports continuing

barley
Barley. (Photo courtesy Canada Beef Inc.)

Prices for feed wheat and barley in Western Canada are doing pretty good, according to Nelson Neumann of Agfinity in Edmonton.

Feed wheat is up to $6 per bushel in the Edmonton area and about $250 per tonne in the Lethbridge area, he said.

Feed barley was still quite strong, although the price had softened up a bit, he said. “At the moment we’re at the mid- to high $250s per tonne range into Lethbridge.”

There are still good amounts of corn being imported from the U.S., he said. However, much of what’s coming north into Canada has already been bought.

“I’m not too sure how much is getting bought for the future.”

Corn imports from the U.S. to Canada totaled 164,600 tonnes for the week of Jan. 14-20, according to the most current data from the Canadian Grain Commission. That was approximately 10 per cent more than the previous week.

Corn imports have been increasing so far this year. At the end of December about 143,000 tonnes of corn came into Canada, which increased to 149,700 tonnes after the first week of January and then to 154,000 tonnes the second week.

Feedlots, such as those in Feedlot Alley around Lethbridge, are still full with cattle, although numbers might be down slightly, Neumann said.

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

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