Winnipeg, Feb 11 (CNS Canada) – Lethbridge feed barley prices have strengthened on bargain buying, according to one market watcher, while demand for feed wheat is steady at best.
Lethbridge feed barley prices have increased to C$205 to $215 in February from $200 to $205 in January, as the grain becomes more difficult to source, said Jim Beusekom, president at Market Place Commodities.
“It’s not an issue, but it becomes a market factor,” he said.
Beusekom added that demand for feed barley has increased.
“I think the feed wheat situation is a little different.”
The amount of feed wheat being used is limited, but constant, Beusekom said.
“It’s steady at best, and buyers just pick away at the supply that’s out there.”
Despite fluctuations within the market, feed grain prices in Lethbridge are stronger than a year ago.
Farmers produced increased amounts of export quality wheat and malting barley this year, which takes away from the amount of feed available.
“A lot of it is milling grade, so we have less pushback into the feed market with wheat.”
