Feed Grains: Alberta feed wheat prices weaken

Posted

By Commodity News Service Canada


Winnipeg – Following are a few highlights in the Canadian

and world feed grains markets on Friday, August 11.

Feed wheat bids in the key cattle feeding area of

Lethbridge, Alberta were in the C$211 to C$230 per tonne range

as of August 11, which was 17 dollars lower compared to the

previous week, according to the latest pricing information from

the provincial government. Feed barley prices were roughly two

lower, at C$190 to C$200 per tonne in Lethbridge.

Bids for feed wheat in Saskatchewan were holding steady,

according to the latest information from the Prairie Ag Hotwire.

Prices are listed at C$3.05 to C$5.20 per bushel.

Prices for oats in Manitoba were keeping firm, according to

the Hotwire. Prices are listed at C$2.79 to C$3.16 per bushel.

Oat prices in North Dakota are down five cents to C$2.49 a

bushel.

Approximately 11 percent of the United States is in

moderate drought or worse, according to the US Drought Monitor’s

latest report. Much of Montana along with sections of Nebraska,

Kansas and the Dakota’s have been drier than normal for the past

two or three months. Roughly half of the country’s spring wheat

crop was also considered to be in drought, according to the

report.

Chicago Board of Trade corn futures rose three to four

cents stronger on Friday in corrective trade. The USDA projected

corn yields of 169.5 bushels an acre in the US which surprised

many. However, many analysts don’t believe the yields are

actually that high due to the scorching heat the crop has been

through this year. Signs of bird flu in the Philippines could

also be bad news for the livestock feed sector.