Feed weekly outlook: Buyers not looking to make purchases

MarketsFarm — Feed grain prices were beginning to soften as many buyers don’t have a major need to purchase from growers, said Nelson Neumann, senior trader for Agfinity in Stony Plain, Alta.

“There’s still obviously a demand, but buyers are pretty well covered for the February-March timeframe. That’s a window where a lot of growers are looking to sell before the road bans come in April,” he said.

And that has led prices to soften before the roads do.

Feed barley prices on Agfinity.com ranged from $3.55 per bushel picked up in Mackenzie County to $4.65 picked up in Newell County.

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In comparison, Prairie Ag Hotwire listed February feed barley for Alberta at $3.85-$5.01 per bushel delivered. For Saskatchewan the range was $3.41-$4.09 and in Manitoba, $3.94-$4.15.

Agfinity’s February-March feed wheat prices ranged from $4.50 in Mackenzie to $6.20 per bushel picked up in Athabasca County.

For all of Alberta, Prairie Ag Hotwire was $4.60-$6.40 per bushel delivered. Also, the website listed Saskatchewan from $5.09 to $5.75 per bushel and Manitoba was much narrower at $5.10-$5.15.

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

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