The Alberta Pulse Growers and its Saskatchewan counterpart are relaunching the Feed Pea Benchmark with additional feed ingredient comparisons for Alberta, Saskatchewan and Manitoba.
“This is a good tool for the marketplace and growers who are looking at a feed option for their field peas,” said Allison Ammeter, chair of the Alberta Pulse Growers.
The benchmark prices are intended for use as a pricing reference for buyers and sellers of feed peas by providing an indication of the ‘feeding value’ of peas.
“The prices represent the point at which peas start to become an economically feasible feed ingredient for swine,” said Tim Wiens, chair of the Saskatchewan Pulse Growers, adding most western Canadian feed peas are fed to hogs.
The benchmark provides a consistent, unbiased estimate of the feeding value of dry peas in central Alberta (Red Deer and area), central Saskatchewan (Saskatoon and area), and southern Manitoba (Winnipeg and area). It’s based on the value of competing feed ingredients in swine rations. Feed peas trade at various differentials to the benchmark based on local supply and demand, quality differences, and other contract terms.
Biweekly, tradable prices of the major feed ingredients are collected for the three regions. These prices are then entered into a least-cost feed formulation that is typical for grower-finisher swine in Western Canada. A feeding value is then derived for feed peas based on their nutritional characteristics and the prices of the other competing feed ingredients.
The benchmark will be posted every two weeks at pulse.ab.ca and in Alberta Pulse Growers’ biweekly e-newsletter Pulse Check.