March 2020 - Feed Update

Good morning,
 
We have seen feed prices stay much the same for February from where they ended at in January.
 
We are seeing feed wheat traded from $5.00 to $5.35 picked up on farm for low vom, dry, hog quality wheat. The biggest trouble we are having sourcing wheat for feed mills is that so much of it is tough or damp. We also are seeing stronger bids for good feed wheat from some line companies especially G3. This is keeping a floor under the feed prices.
 
Barley has remained under pressure with good dry barley selling for $3.80 to $4.00 picked up in western MB and eastern SK. We are seeing more barley that is tough or damp as well. This likely will not work into your feed programs as some of it is arriving at its destinations with some heating taking place already.
 
I do have some good-sized lots that would deliver into the Elie Mb area at $4.50 delivered with freight spreads from there. This is good heavy barley, dry, low vom, hog quality barley. As we get closer to restrictions it will be harder to source some of this barley as it is in locations that have issues with spring weights.
 
Feed peas/lentils have moved up a bit in the last month. We have been selling peas at $6 to $6.25 picked up so this leaves delivered MB bids in the $240 to $250 range.
 
 
Richard Chambers
Quality Grain Marketing
1-204-729-1354 - Office
1-204-761-8320 - Cell
Richard_qgm@mymts.net
www.QualityGrain.ca
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