Feed Grain Update - Sept 2, 2020
Since my last newsletter we have seen all the feed grains under pressure with producers trying to make space for the new crop. We have seen feed wheat drift down to $5.20 in western MB to maybe $5.40 in the Winnipeg area. As of right now I would say there is going to be very little feed quality wheat around this fall. To date all of the wheats are coming off with good grades which is going to make producers reluctant to sell into feed bids. But as we all know that could change if we get 3 weeks of crappy weather. Yields have been good as well with HRS wheats running from 55 to 80 depending on soil type and if that rain came at the right time. Grading #2 or better. Good protein as well. There still is some old crop feed wheat available if anyone is interested.
We are seeing very good barley yields with 90 to 120 being the norm this year. Good bushel weight, no vom to speak of and only the odd location has ergot. Feed barley prices are much lower than last year. $3.30 in western Mb to $3.50 in eastern MB. Not much selling as growers just don’t like the price. Right now there is enough moving to keep prices where they are for now. It will be interesting to see if all the damage in the corn crop in midwestern US actually translates into higher corn prices. New crop corn $170 fob farm MB. Oct/Nov movement. The feed pipeline is not empty like last year so for that to happen it will take time. Feed lots in AB are buying all the grain they want right off combine for $200/Mt delivered.
We have seen a few feed quality yellow peas being offered (hail damage) these are trading in the $230 -240 delivered range into MB. I don’t know if anyone is thinking of putting them in their ration as most locations would have local peas available if interested.
Give us a call if you have any questions or just need prices for you ration formulation. Until next month.
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